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

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) shares hit a new 52-week high during trading on Friday . The stock traded as high as $239.54 and last traded at $239.54, with a volume of 35859 shares changing hands. The stock had previously closed at $235.35.

Vanguard U.S. Momentum Factor ETF Price Performance

The stock has a market capitalization of $1.51 billion, a PE ratio of 22.24 and a beta of 1.08. The business’s fifty day moving average price is $223.22 and its two-hundred day moving average price is $208.00.

Institutional Investors Weigh In On Vanguard U.S. Momentum Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. purchased a new position in Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at $62,000. Western Wealth Management LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at about $70,000. PNC Financial Services Group Inc. acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $76,000. High Note Wealth LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at about $91,000. Finally, City State Bank lifted its holdings 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 valued at $99,000 after acquiring an additional 420 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Company Profile

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.