Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 1-Year High – Here’s Why

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $232.25 and last traded at $231.78, with a volume of 18463 shares trading hands. The stock had previously closed at $229.14.

Vanguard U.S. Momentum Factor ETF Stock Performance

The firm has a market cap of $1.47 billion, a P/E ratio of 22.24 and a beta of 1.08. The company’s 50 day moving average is $207.97 and its 200 day moving average is $200.94.

Hedge Funds Weigh In On Vanguard U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in Vanguard U.S. Momentum Factor ETF in the third quarter worth $27,000. North Star Investment Management Corp. acquired a new stake in Vanguard U.S. Momentum Factor ETF in the fourth quarter worth $62,000. PNC Financial Services Group Inc. acquired a new stake in Vanguard U.S. Momentum Factor ETF in the fourth quarter worth $76,000. High Note Wealth LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF in the fourth quarter worth $91,000. Finally, City State Bank grew 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 worth $99,000 after purchasing an additional 420 shares during the period.

About Vanguard U.S. Momentum Factor ETF

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.