Motley Fool 100 Index ETF (BATS:TMFC) Trading Up 19.8% – What’s Next?

Shares of Motley Fool 100 Index ETF (BATS:TMFC) were up 19.8% on Tuesday . The stock traded as high as $60.47 and last traded at $70.69. Approximately 117,849 shares changed hands during mid-day 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 Price Performance

The stock has a market capitalization of $1.62 billion, a P/E ratio of 30.01 and a beta of 1.14. The company has a 50 day simple moving average of $68.24 and a 200-day simple moving average of $62.75.

Institutional Trading of Motley Fool 100 Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steel Grove Capital Advisors LLC purchased a new stake in Motley Fool 100 Index ETF in the 2nd quarter worth approximately $1,231,000. Western Wealth Management LLC purchased a new stake in Motley Fool 100 Index ETF in the 2nd quarter worth approximately $1,202,000. Janney Montgomery Scott LLC purchased a new stake in Motley Fool 100 Index ETF in the 1st quarter worth approximately $560,000. Marshall Wace LLP purchased a new stake in Motley Fool 100 Index ETF in the 2nd quarter worth approximately $559,000. Finally, Coldstream Capital Management Inc. lifted its holdings in Motley Fool 100 Index ETF by 14,462.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,825 shares of the company’s stock worth $376,000 after buying an additional 5,785 shares during the period.

Motley Fool 100 Index ETF Company Profile

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.