Vanguard U.S. Quality Factor ETF (BATS:VFQY) Sets New 52-Week High – Still a Buy?

Vanguard U.S. Quality Factor ETF (BATS:VFQY)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $179.97 and last traded at $179.9350, with a volume of 1,165 shares trading hands. The stock had previously closed at $177.27.

Vanguard U.S. Quality Factor ETF Stock Up 2.2%

The stock has a market cap of $503.46 million, a price-to-earnings ratio of 18.39 and a beta of 1.03. The company has a 50 day simple moving average of $174.47 and a 200 day simple moving average of $165.32.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. M Holdings Securities Inc. bought a new stake in shares of Vanguard U.S. Quality Factor ETF during the third quarter worth $1,591,000. Kestra Advisory Services LLC increased its holdings in shares of Vanguard U.S. Quality Factor ETF by 7.0% during the third quarter. Kestra Advisory Services LLC now owns 1,292 shares of the company’s stock worth $220,000 after buying an additional 84 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Vanguard U.S. Quality Factor ETF in the 3rd quarter valued at $515,000. Vise Technologies Inc. lifted its stake in shares of Vanguard U.S. Quality Factor ETF by 9.4% in the 3rd quarter. Vise Technologies Inc. now owns 12,587 shares of the company’s stock valued at $2,144,000 after acquiring an additional 1,082 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Vanguard U.S. Quality Factor ETF in the 3rd quarter valued at $838,000.

About Vanguard U.S. Quality Factor ETF

The Vanguard U.S. Quality Factor ETF (VFQY) is an exchange-traded fund that is based on the Benchmark for VFQY Fund index. The fund seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. VFQY was launched on Feb 13, 2018 and is managed by Vanguard.