Motley Fool 100 Index ETF (BATS:TMFC) Stock Price Up 23% – Still a Buy?

Motley Fool 100 Index ETF (BATS:TMFC)’s stock price was up 23% during mid-day trading on Monday . The company traded as high as $60.4696 and last traded at $72.5740. Approximately 117,849 shares changed hands during trading, a decline of 13% from the average daily volume of 135,800 shares. The stock had previously closed at $59.00.

Motley Fool 100 Index ETF Trading Up 23.0%

The stock has a market capitalization of $1.66 billion, a P/E ratio of 30.01 and a beta of 1.14. The business has a 50-day moving average price of $71.63 and a two-hundred day moving average price of $69.32.

Institutional Trading of Motley Fool 100 Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TMFC. Farther Finance Advisors LLC increased its stake in Motley Fool 100 Index ETF by 71.5% in the second quarter. Farther Finance Advisors LLC now owns 403 shares of the company’s stock valued at $26,000 after acquiring an additional 168 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Motley Fool 100 Index ETF by 179.6% during the second quarter. NewEdge Advisors LLC now owns 604 shares of the company’s stock worth $39,000 after buying an additional 388 shares in the last quarter. Triumph Capital Management bought a new position in Motley Fool 100 Index ETF in the third quarter valued at about $63,000. Fiduciary Alliance LLC bought a new position in Motley Fool 100 Index ETF in the third quarter valued at about $218,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Motley Fool 100 Index ETF by 1,210.0% during the third quarter. JPMorgan Chase & Co. now owns 3,275 shares of the company’s stock valued at $231,000 after purchasing an additional 3,025 shares in the last quarter.

About Motley Fool 100 Index ETF

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.