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

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

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

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

Hedge Funds Weigh In On Vanguard U.S. Momentum Factor ETF

Institutional investors have recently modified their holdings of the business. Payne Capital LLC acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at $2,696,000. PFG Advisors acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at $1,097,000. Sagespring Wealth Partners LLC acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at $2,129,000. Breakwater Capital Group acquired a new position in shares of Vanguard U.S. Momentum Factor ETF in the 4th quarter valued at $544,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Vanguard U.S. Momentum Factor ETF by 3.6% in the 4th quarter. Ritholtz Wealth Management now owns 651,008 shares of the company’s stock valued at $124,505,000 after acquiring an additional 22,621 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.