Motley Fool 100 Index ETF (BATS:TMFC) Sets New 12-Month High – What’s Next?

Motley Fool 100 Index ETF (BATS:TMFC)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $74.45 and last traded at $73.72, with a volume of 21102 shares trading hands. The stock had previously closed at $74.06.

Motley Fool 100 Index ETF Price Performance

The stock’s 50-day moving average price is $69.24 and its 200-day moving average price is $70.57. The company has a market cap of $1.71 billion, a P/E ratio of 30.01 and a beta of 1.14.

Hedge Funds Weigh In On Motley Fool 100 Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of Motley Fool 100 Index ETF during the 2nd quarter worth $559,000. NewEdge Advisors LLC lifted its position in Motley Fool 100 Index ETF by 179.6% during the second quarter. NewEdge Advisors LLC now owns 604 shares of the company’s stock worth $39,000 after purchasing an additional 388 shares during the period. Western Wealth Management LLC lifted its position in Motley Fool 100 Index ETF by 123.2% during the third quarter. Western Wealth Management LLC now owns 41,611 shares of the company’s stock worth $2,935,000 after purchasing an additional 22,972 shares during the period. JPMorgan Chase & Co. lifted its position in Motley Fool 100 Index ETF by 1,210.0% during the third quarter. JPMorgan Chase & Co. now owns 3,275 shares of the company’s stock worth $231,000 after purchasing an additional 3,025 shares during the period. Finally, Isthmus Partners LLC bought a new stake in Motley Fool 100 Index ETF during the third quarter worth about $265,000.

About Motley Fool 100 Index ETF

The Motley Fool 100 Index ETF (TMFC) is an exchange-traded fund that is based on the Motley Fool 100 index. The fund tracks an index of 100 of the largest US companies identified by any of the Motley Fool publications, including the top companies in the Motley Fool IQ Database. TMFC was launched on Jan 29, 2018 and is managed by Motley Fool.