Vanguard Industrials ETF (NYSEARCA:VIS) Hits New 52-Week High – Here’s Why

Vanguard Industrials ETF (NYSEARCA:VIS) reached a new 52-week high during trading on Friday . The stock traded as high as $298.69 and last traded at $299.17, with a volume of 8560 shares. The stock had previously closed at $296.99.

Vanguard Industrials ETF Stock Up 0.2%

The firm has a 50 day moving average of $291.30 and a 200 day moving average of $272.70. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 23.72 and a beta of 1.14.

Institutional Investors Weigh In On Vanguard Industrials ETF

Several large investors have recently added to or reduced their stakes in the business. Front Row Advisors LLC grew its stake in Vanguard Industrials ETF by 40.0% during the second quarter. Front Row Advisors LLC now owns 140 shares of the company’s stock worth $39,000 after purchasing an additional 40 shares during the period. Fifth Third Securities Inc. grew its stake in Vanguard Industrials ETF by 1.9% during the second quarter. Fifth Third Securities Inc. now owns 2,255 shares of the company’s stock worth $632,000 after purchasing an additional 41 shares during the period. Spire Wealth Management grew its stake in Vanguard Industrials ETF by 17.1% during the second quarter. Spire Wealth Management now owns 294 shares of the company’s stock worth $82,000 after purchasing an additional 43 shares during the period. Tortoise Investment Management LLC grew its stake in Vanguard Industrials ETF by 7.3% during the first quarter. Tortoise Investment Management LLC now owns 644 shares of the company’s stock worth $159,000 after purchasing an additional 44 shares during the period. Finally, Centricity Wealth Management LLC grew its stake in Vanguard Industrials ETF by 20.6% during the first quarter. Centricity Wealth Management LLC now owns 269 shares of the company’s stock worth $67,000 after purchasing an additional 46 shares during the period.

About Vanguard Industrials ETF

Vanguard Industrials ETF (the Fund) seeks to track the investment performance of the MSCI US Investable Market Industrials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the industrials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by one of the following activities, the manufacture and distribution of capital goods (including aerospace and defense, construction, engineering and building products, electrical equipment, and industrial machinery); the provision of commercial services and supplies (including printing, employment, environmental, and office services); or the provision of transportation services (including airlines, couriers, marine, road and rail, and transportation infrastructure).