Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 1-Year High – Should You Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $210.65 and last traded at $210.0460, with a volume of 5087 shares. The stock had previously closed at $205.78.

Vanguard U.S. Momentum Factor ETF Price Performance

The stock has a market cap of $1.34 billion, a PE ratio of 22.24 and a beta of 1.08. The stock’s fifty day moving average is $201.98 and its 200-day moving average is $193.34.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management increased its stake in Vanguard U.S. Momentum Factor ETF by 3.6% during the fourth quarter. Ritholtz Wealth Management now owns 651,008 shares of the company’s stock worth $124,505,000 after acquiring an additional 22,621 shares during the last quarter. Cetera Investment Advisers raised its holdings in Vanguard U.S. Momentum Factor ETF by 7.3% in the 2nd quarter. Cetera Investment Advisers now owns 311,015 shares of the company’s stock valued at $53,656,000 after buying an additional 21,147 shares during the period. Strategic Financial Services Inc. lifted its position in Vanguard U.S. Momentum Factor ETF by 1.4% in the fourth quarter. Strategic Financial Services Inc. now owns 284,153 shares of the company’s stock valued at $58,496,000 after buying an additional 3,874 shares during the last quarter. Davidson Investment Advisors increased its position in shares of Vanguard U.S. Momentum Factor ETF by 4.9% during the fourth quarter. Davidson Investment Advisors now owns 146,589 shares of the company’s stock valued at $28,035,000 after acquiring an additional 6,811 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 35.0% in the 4th quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock valued at $26,800,000 after acquiring an additional 36,308 shares during the period.

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.