Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Stock Price Up 0.9% – Time to Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s share price was up 0.9% during mid-day trading on Wednesday. The stock traded as high as $223.36 and last traded at $222.68. 55,234 shares traded hands during trading, an increase of 1% from the average session volume of 54,566 shares. The stock had previously closed at $220.63.

Vanguard U.S. Momentum Factor ETF Stock Performance

The firm’s fifty day simple moving average is $228.10 and its 200 day simple moving average is $229.02. The firm has a market cap of $1.37 billion, a P/E ratio of 22.24 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management lifted its stake in shares of Vanguard U.S. Momentum Factor ETF by 8.6% in the 1st quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock valued at $139,389,000 after purchasing an additional 56,191 shares during the last quarter. Royal Bank of Canada grew its position in Vanguard U.S. Momentum Factor ETF by 418.1% in the 1st quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock valued at $4,103,000 after acquiring an additional 16,800 shares during the last quarter. Fifth Third Bancorp bought a new position in Vanguard U.S. Momentum Factor ETF in the 1st quarter valued at $1,413,000. Bank of America Corp DE grew its position in Vanguard U.S. Momentum Factor ETF by 24.6% in the 1st quarter. Bank of America Corp DE now owns 33,399 shares of the company’s stock valued at $6,583,000 after acquiring an additional 6,593 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Vanguard U.S. Momentum Factor ETF in the second quarter worth $1,559,000.

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.