Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Reaches New 52-Week High – Still a Buy?

Shares of Vanguard U.S. Momentum Factor ETF (BATS:VFMO) reached a new 52-week high during mid-day trading on Tuesday . The stock 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 Stock Performance

The company has a 50 day simple moving average of $215.19 and a 200 day simple moving average of $204.34. The company has a market capitalization of $1.48 billion, a PE ratio of 22.24 and a beta of 1.08.

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

A number of large investors have recently modified their holdings of VFMO. Royal Bank of Canada raised its stake in Vanguard U.S. Momentum Factor ETF by 2.3% in the first quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after buying an additional 86 shares in the last quarter. Jane Street Group LLC raised its holdings in Vanguard U.S. Momentum Factor ETF by 219.7% during the first quarter. Jane Street Group LLC now owns 11,792 shares of the company’s stock worth $1,789,000 after purchasing an additional 8,103 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 4.7% during the 2nd quarter. NewEdge Advisors LLC now owns 29,158 shares of the company’s stock worth $5,030,000 after buying an additional 1,296 shares during the last quarter. Diversify Advisory Services LLC lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 12.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 3,160 shares of the company’s stock worth $566,000 after buying an additional 356 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 6.0% in the 2nd quarter. Raymond James Financial Inc. now owns 78,675 shares of the company’s stock valued at $13,573,000 after buying an additional 4,463 shares in 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.