Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Sets New 1-Year High – Here’s What Happened

Vanguard U.S. Momentum Factor ETF (BATS:VFMO)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $239.54 and last traded at $239.54, with a volume of 35859 shares traded. The stock had previously closed at $235.35.

Vanguard U.S. Momentum Factor ETF Price Performance

The business’s 50 day moving average is $223.22 and its 200 day moving average is $208.00. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. purchased a new position in Vanguard U.S. Momentum Factor ETF during the fourth quarter worth about $62,000. Western Wealth Management LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the first quarter valued at approximately $70,000. PNC Financial Services Group Inc. acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter valued at approximately $76,000. High Note Wealth LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter valued at approximately $91,000. Finally, City State Bank boosted its position 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.

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.