Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 52-Week High – Still a Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $221.62 and last traded at $221.14, with a volume of 4170 shares changing hands. The stock had previously closed at $220.19.

Vanguard U.S. Momentum Factor ETF Stock Up 0.5%

The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The company has a 50 day moving average of $204.35 and a 200 day moving average of $198.78.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFMO. Versant Capital Management Inc acquired a new stake in Vanguard U.S. Momentum Factor ETF during the third quarter worth about $27,000. North Star Investment Management Corp. acquired a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $62,000. PNC Financial Services Group Inc. acquired a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $76,000. High Note Wealth LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $91,000. Finally, City State Bank increased its stake in Vanguard U.S. Momentum Factor ETF by 420.0% during the fourth quarter. City State Bank now owns 520 shares of the company’s stock worth $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.