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

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) reached a new 52-week high on Thursday . The company traded as high as $243.40 and last traded at $241.71, with a volume of 15507 shares. The stock had previously closed at $238.30.

Vanguard U.S. Momentum Factor ETF Trading Up 1.0%

The firm has a market capitalization of $1.52 billion, a PE ratio of 22.24 and a beta of 1.08. The business has a fifty day moving average price of $226.29 and a two-hundred day moving average price of $209.43.

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

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