Vanguard US Multifactor ETF (BATS:VFMF) Sets New 52-Week High – Here’s What Happened

Vanguard US Multifactor ETF (BATS:VFMF)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $189.21 and last traded at $187.4350, with a volume of 17,443 shares. The stock had previously closed at $186.77.

Vanguard US Multifactor ETF Trading Up 1.1%

The stock’s 50-day moving average is $184.27 and its 200-day moving average is $177.26. The stock has a market cap of $504.04 million, a price-to-earnings ratio of 14.32 and a beta of 0.97.

Institutional Investors Weigh In On Vanguard US Multifactor ETF

Several institutional investors have recently bought and sold shares of VFMF. MBM Wealth Consultants LLC purchased a new position in shares of Vanguard US Multifactor ETF in the 1st quarter valued at $54,000. JNBA Financial Advisors raised its position in Vanguard US Multifactor ETF by 64.7% in the second quarter. JNBA Financial Advisors now owns 382 shares of the company’s stock valued at $68,000 after purchasing an additional 150 shares during the period. International Assets Investment Management LLC purchased a new position in Vanguard US Multifactor ETF in the first quarter valued at about $69,000. Capital Analysts LLC acquired a new position in shares of Vanguard US Multifactor ETF during the second quarter worth about $89,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Vanguard US Multifactor ETF during the third quarter worth about $103,000.

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.