Motley Fool 100 Index ETF (BATS:TMFC) Sets New 12-Month High – Here’s Why

Motley Fool 100 Index ETF (BATS:TMFC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $77.38 and last traded at $77.00, with a volume of 105135 shares changing hands. The stock had previously closed at $77.07.

Motley Fool 100 Index ETF Trading Down 0.1%

The firm has a fifty day simple moving average of $70.05 and a 200 day simple moving average of $70.81. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 30.01 and a beta of 1.14.

Hedge Funds Weigh In On Motley Fool 100 Index ETF

Large investors have recently added to or reduced their stakes in the company. NBT Bank N A NY raised its holdings in Motley Fool 100 Index ETF by 594.4% in the 1st quarter. NBT Bank N A NY now owns 500 shares of the company’s stock valued at $33,000 after acquiring an additional 428 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Motley Fool 100 Index ETF by 179.6% in the 2nd quarter. NewEdge Advisors LLC now owns 604 shares of the company’s stock valued at $39,000 after purchasing an additional 388 shares during the period. Main Street Group LTD bought a new stake in shares of Motley Fool 100 Index ETF in the 1st quarter valued at approximately $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Motley Fool 100 Index ETF in the 4th quarter valued at approximately $57,000. Finally, Triumph Capital Management bought a new stake in shares of Motley Fool 100 Index ETF in the 3rd quarter valued at approximately $63,000.

Motley Fool 100 Index ETF Company Profile

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.