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

Vanguard U.S. Momentum Factor ETF (BATS:VFMOGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $243.40 and last traded at $241.71, with a volume of 15507 shares trading hands. The stock had previously closed at $238.30.

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

The company has a fifty day simple moving average of $226.29 and a 200-day simple moving average of $209.43. The company has a market capitalization of $1.52 billion, a PE ratio of 22.24 and a beta of 1.08.

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

A number of hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 8.6% during the 1st quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock worth $139,389,000 after purchasing an additional 56,191 shares during the period. Strategic Financial Services Inc. grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 1.4% during the 4th quarter. Strategic Financial Services Inc. now owns 284,153 shares of the company’s stock worth $58,496,000 after purchasing an additional 3,874 shares during the period. Davidson Investment Advisors grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 4.9% during the 4th quarter. Davidson Investment Advisors now owns 146,589 shares of the company’s stock worth $28,035,000 after purchasing an additional 6,811 shares during the period. LPL Financial LLC grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 35.0% during the 4th quarter. LPL Financial LLC now owns 140,128 shares of the company’s stock worth $26,800,000 after purchasing an additional 36,308 shares during the period. Finally, Cabot Wealth Management Inc. grew its holdings in shares of Vanguard U.S. Momentum Factor ETF by 5.6% during the 4th quarter. Cabot Wealth Management Inc. now owns 114,327 shares of the company’s stock worth $21,865,000 after purchasing an additional 6,098 shares during the period.

About Vanguard U.S. Momentum Factor ETF

(Get Free Report)

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.

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