Vanguard Financials ETF (NYSEARCA:VFH) Sees Strong Trading Volume – Here’s Why

Shares of Vanguard Financials ETF (NYSEARCA:VFH) saw an uptick in trading volume on Thursday . 397,677 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 564,864 shares.The stock last traded at $121.34 and had previously closed at $121.06.

Vanguard Financials ETF Trading Up 0.9 %

The stock has a market capitalization of $11.31 billion, a PE ratio of 14.43 and a beta of 0.96. The business’s 50 day moving average is $121.18 and its 200 day moving average is $112.86.

Institutional Investors Weigh In On Vanguard Financials ETF

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Vanguard Financials ETF by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 924,677 shares of the company’s stock worth $101,631,000 after purchasing an additional 41,153 shares during the period. Synovus Financial Corp grew its holdings in shares of Vanguard Financials ETF by 97.8% in the third quarter. Synovus Financial Corp now owns 443,222 shares of the company’s stock worth $48,714,000 after purchasing an additional 219,120 shares during the last quarter. Stifel Financial Corp increased its stake in Vanguard Financials ETF by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 433,070 shares of the company’s stock worth $47,599,000 after buying an additional 8,462 shares during the period. KCM Investment Advisors LLC lifted its holdings in Vanguard Financials ETF by 0.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 358,998 shares of the company’s stock valued at $39,458,000 after buying an additional 1,706 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Financials ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 254,006 shares of the company’s stock valued at $25,370,000 after buying an additional 17,027 shares during the period.

About Vanguard Financials ETF

Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS).