Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 12-Month High – Still a Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $224.82 and last traded at $224.47, with a volume of 15685 shares changing hands. The stock had previously closed at $223.74.

Vanguard U.S. Momentum Factor ETF Price Performance

The firm’s 50-day moving average is $206.70 and its 200-day moving average is $200.24. The company has a market capitalization of $1.42 billion, a P/E ratio of 22.24 and a beta of 1.08.

Institutional Trading of Vanguard U.S. Momentum Factor ETF

Several large investors have recently added to or reduced their stakes in VFMO. Versant Capital Management Inc bought a new stake in Vanguard U.S. Momentum Factor ETF during the third quarter valued at approximately $27,000. North Star Investment Management Corp. bought a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at approximately $62,000. PNC Financial Services Group Inc. bought a new position in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter worth approximately $76,000. High Note Wealth LLC bought a new position in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter worth approximately $91,000. Finally, City State Bank boosted its position in shares of 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.