Vanguard US Multifactor ETF (BATS:VFMF) Reaches New 52-Week High – Here’s Why

Vanguard US Multifactor ETF (BATS:VFMF) shares reached a new 52-week high during trading on Thursday . The company traded as high as $188.08 and last traded at $188.0050, with a volume of 43389 shares changing hands. The stock had previously closed at $186.87.

Vanguard US Multifactor ETF Trading Up 0.6%

The stock has a market capitalization of $501.92 million, a PE ratio of 14.32 and a beta of 0.97. The company’s 50 day simple moving average is $182.42 and its 200 day simple moving average is $171.04.

Institutional Investors Weigh In On Vanguard US Multifactor ETF

A number of institutional investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC purchased a new stake in shares of Vanguard US Multifactor ETF during the 1st quarter worth about $54,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Vanguard US Multifactor ETF in the third quarter worth about $56,000. JNBA Financial Advisors increased its holdings in Vanguard US Multifactor ETF by 64.7% during the 2nd quarter. JNBA Financial Advisors now owns 382 shares of the company’s stock worth $68,000 after purchasing an additional 150 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Vanguard US Multifactor ETF during the 1st quarter valued at approximately $69,000. Finally, Moneta Group Investment Advisors LLC acquired a new stake in shares of Vanguard US Multifactor ETF during the fourth quarter worth approximately $203,000.

About Vanguard US Multifactor ETF

The Vanguard U.S. Multifactor ETF (VFMF) is an exchange-traded fund that is based on the MSCI USA Diversified Multi-Factor index. The fund is an actively-managed fund that invests in US equities exhibiting value, momentum, quality and low volatility factors. VFMF was launched on Feb 13, 2018 and is managed by Vanguard.