Motley Fool 100 Index ETF (BATS:TMFC) Hits New 12-Month High – Should You Buy?

Motley Fool 100 Index ETF (BATS:TMFC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $73.68 and last traded at $73.68, with a volume of 72768 shares traded. The stock had previously closed at $72.74.

Motley Fool 100 Index ETF Stock Performance

The company has a 50-day simple moving average of $68.74 and a 200-day simple moving average of $70.46. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 30.01 and a beta of 1.14.

Hedge Funds Weigh In On Motley Fool 100 Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMFC. Marshall Wace LLP acquired a new position in Motley Fool 100 Index ETF during the 2nd quarter worth approximately $559,000. NewEdge Advisors LLC increased its position in 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 during the period. Western Wealth Management LLC increased its position in Motley Fool 100 Index ETF by 123.2% during the 3rd quarter. Western Wealth Management LLC now owns 41,611 shares of the company’s stock worth $2,935,000 after purchasing an additional 22,972 shares during the period. JPMorgan Chase & Co. increased its position in Motley Fool 100 Index ETF by 1,210.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275 shares of the company’s stock worth $231,000 after purchasing an additional 3,025 shares during the period. Finally, Isthmus Partners LLC acquired a new position in Motley Fool 100 Index ETF during the 3rd quarter worth approximately $265,000.

Motley Fool 100 Index ETF Company Profile

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.