Motley Fool 100 Index ETF (BATS:TMFC) Shares Up 23% – What’s Next?

Motley Fool 100 Index ETF (BATS:TMFC) shares rose 23% during mid-day trading on Monday . The company traded as high as $60.4696 and last traded at $72.5740. Approximately 117,849 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 135,800 shares. The stock had previously closed at $59.00.

Motley Fool 100 Index ETF Trading Up 23.0%

The company has a market cap of $1.66 billion, a price-to-earnings ratio of 30.01 and a beta of 1.14. The business’s 50 day moving average price is $71.63 and its 200-day moving average price is $69.32.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TMFC. Farther Finance Advisors LLC boosted its position in shares of Motley Fool 100 Index ETF by 71.5% in the second quarter. Farther Finance Advisors LLC now owns 403 shares of the company’s stock valued at $26,000 after acquiring an additional 168 shares during the period. NewEdge Advisors LLC grew its position in shares of Motley Fool 100 Index ETF by 179.6% during the 2nd quarter. NewEdge Advisors LLC now owns 604 shares of the company’s stock worth $39,000 after purchasing an additional 388 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Motley Fool 100 Index ETF during the 3rd quarter worth approximately $63,000. Strategic Advocates LLC increased its holdings in shares of Motley Fool 100 Index ETF by 19.2% during the second quarter. Strategic Advocates LLC now owns 7,139 shares of the company’s stock worth $461,000 after purchasing an additional 1,152 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Motley Fool 100 Index ETF by 1,210.0% in the third quarter. JPMorgan Chase & Co. now owns 3,275 shares of the company’s stock valued at $231,000 after buying an additional 3,025 shares in the last quarter.

About Motley Fool 100 Index ETF

The Motley Fool 100 Index ETF (TMFC) is an exchange-traded fund that is based on the Motley Fool 100 index. The fund tracks an index of 100 of the largest US companies identified by any of the Motley Fool publications, including the top companies in the Motley Fool IQ Database. TMFC was launched on Jan 29, 2018 and is managed by Motley Fool.