Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Sets New 12-Month High – Here’s What Happened

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) reached a new 52-week high during trading on Monday . The company traded as high as $246.30 and last traded at $246.30, with a volume of 59348 shares trading hands. The stock had previously closed at $241.01.

Vanguard U.S. Momentum Factor ETF Stock Performance

The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The company’s fifty day simple moving average is $230.55 and its two-hundred day simple moving average is $211.88.

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

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 12.5% in the 1st quarter. NewEdge Advisors LLC now owns 37,473 shares of the company’s stock worth $7,386,000 after buying an additional 4,166 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 1st quarter valued at about $70,000. Bank of America Corp DE raised its stake in Vanguard U.S. Momentum Factor ETF by 24.6% during the first quarter. Bank of America Corp DE now owns 33,399 shares of the company’s stock worth $6,583,000 after acquiring an additional 6,593 shares during the period. Arkadios Wealth Advisors raised its stake in Vanguard U.S. Momentum Factor ETF by 5.1% during the first quarter. Arkadios Wealth Advisors now owns 2,363 shares of the company’s stock worth $466,000 after acquiring an additional 114 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Vanguard U.S. Momentum Factor ETF by 418.1% in the first quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock worth $4,103,000 after acquiring an additional 16,800 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.