Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Hits New 52-Week High – Time to Buy?

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $216.97 and last traded at $216.50, with a volume of 78464 shares trading hands. The stock had previously closed at $214.33.

Vanguard U.S. Momentum Factor ETF Price Performance

The stock has a market capitalization of $1.37 billion, a P/E ratio of 22.24 and a beta of 1.08. The company has a 50 day simple moving average of $203.10 and a 200-day simple moving average of $198.04.

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

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the third quarter valued at $27,000. North Star Investment Management Corp. purchased a new position in shares of Vanguard U.S. Momentum Factor ETF in the fourth quarter valued at $62,000. PNC Financial Services Group Inc. bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at about $76,000. High Note Wealth LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at about $91,000. Finally, City State Bank increased its position in shares of Vanguard U.S. Momentum Factor ETF by 420.0% during the fourth quarter. City State Bank now owns 520 shares of the company’s stock valued at $99,000 after buying an additional 420 shares during the period.

Vanguard U.S. Momentum Factor ETF Company Profile

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.