Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Sets New 12-Month High – Here’s Why

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $233.20 and last traded at $233.10, with a volume of 8111 shares traded. The stock had previously closed at $229.63.

Vanguard U.S. Momentum Factor ETF Stock Up 1.9%

The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The company’s 50-day moving average is $213.71 and its 200-day moving average is $203.74.

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

Several hedge funds and other institutional investors have recently bought and sold shares of VFMO. North Star Investment Management Corp. acquired a new stake in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $62,000. Western Wealth Management LLC acquired a new stake in Vanguard U.S. Momentum Factor ETF during the first quarter worth about $70,000. PNC Financial Services Group Inc. acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at about $76,000. High Note Wealth LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at about $91,000. Finally, City State Bank increased its position in shares of 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 valued at $99,000 after acquiring an additional 420 shares during the last quarter.

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.