Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Reaches New 12-Month High – Time to Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $246.30 and last traded at $246.30, with a volume of 59348 shares traded. The stock had previously closed at $241.01.

Vanguard U.S. Momentum Factor ETF Price Performance

The firm’s 50 day moving average price is $231.73 and its 200 day moving average price is $212.61. The stock has a market capitalization of $1.54 billion, a P/E ratio of 22.24 and a beta of 1.08.

Hedge Funds Weigh In On Vanguard U.S. Momentum Factor ETF

Hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. purchased a new stake in Vanguard U.S. Momentum Factor ETF in the fourth quarter worth $62,000. Western Wealth Management LLC purchased a new stake in shares of Vanguard U.S. Momentum Factor ETF in the 1st quarter worth about $70,000. PNC Financial Services Group Inc. bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 4th quarter valued at about $76,000. High Note Wealth LLC purchased a new position in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at about $91,000. Finally, City State Bank raised its stake in Vanguard U.S. Momentum Factor ETF by 420.0% in the fourth quarter. City State Bank now owns 520 shares of the company’s stock worth $99,000 after buying an additional 420 shares in the last quarter.

About Vanguard U.S. Momentum Factor ETF

The Vanguard U.S. Momentum Factor ETF (VFMO) is an exchange-traded fund that is based on the MSCI USA Momentum index. Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. VFMO was launched on Feb 13, 2018 and is managed by Vanguard.