Vanguard US Multifactor ETF (BATS:VFMF) Reaches New 1-Year High – Time to Buy?

Vanguard US Multifactor ETF (BATS:VFMF) shares hit a new 52-week high during trading on Friday . The stock traded as high as $187.73 and last traded at $187.73, with a volume of 13430 shares traded. The stock had previously closed at $186.71.

Vanguard US Multifactor ETF Stock Up 0.3%

The firm’s 50-day moving average price is $179.13 and its two-hundred day moving average price is $168.47. The firm has a market capitalization of $500.17 million, a PE ratio of 14.32 and a beta of 0.97.

Hedge Funds Weigh In On Vanguard US Multifactor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Storen Legacy Partners LLC purchased a new position in Vanguard US Multifactor ETF during the 4th quarter worth approximately $30,376,000. Systelligence LLC acquired a new stake in shares of Vanguard US Multifactor ETF in the first quarter worth $16,741,000. Opus Capital Group LLC boosted its position in shares of Vanguard US Multifactor ETF by 0.9% in the fourth quarter. Opus Capital Group LLC now owns 105,395 shares of the company’s stock worth $15,885,000 after buying an additional 916 shares during the period. LPL Financial LLC grew its holdings in shares of Vanguard US Multifactor ETF by 14.1% during the fourth quarter. LPL Financial LLC now owns 67,490 shares of the company’s stock valued at $10,172,000 after buying an additional 8,323 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Vanguard US Multifactor ETF by 2.0% during the fourth quarter. UMB Bank n.a. now owns 55,003 shares of the company’s stock valued at $8,290,000 after buying an additional 1,074 shares in the last quarter.

About Vanguard US Multifactor ETF

The Vanguard U.S. Multifactor ETF (VFMF) is an exchange-traded fund that is based on the MSCI USA Diversified Multi-Factor index. The fund is an actively-managed fund that invests in US equities exhibiting value, momentum, quality and low volatility factors. VFMF was launched on Feb 13, 2018 and is managed by Vanguard.