Vanguard Financials ETF (NYSEARCA:VFH) Hits New 12-Month High – Should You Buy?

Vanguard Financials ETF (NYSEARCA:VFH)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $143.52 and last traded at $143.4830, with a volume of 672,967 shares trading hands. The stock had previously closed at $138.89.

Vanguard Financials ETF Trading Up 3.3%

The company has a 50 day simple moving average of $136.28 and a 200 day simple moving average of $131.60. The stock has a market cap of $14.00 billion, a P/E ratio of 17.56 and a beta of 0.89.

Hedge Funds Weigh In On Vanguard Financials ETF

A number of hedge funds have recently bought and sold shares of the business. Simplex Trading LLC bought a new stake in shares of Vanguard Financials ETF in the third quarter worth $26,000. Allspring Global Investments Holdings LLC boosted its holdings in Vanguard Financials ETF by 58.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,468 shares of the company’s stock worth $191,000 after acquiring an additional 543 shares during the last quarter. Avantax Planning Partners Inc. boosted its holdings in Vanguard Financials ETF by 7.3% during the 3rd quarter. Avantax Planning Partners Inc. now owns 6,256 shares of the company’s stock worth $814,000 after acquiring an additional 428 shares during the last quarter. Uhlmann Price Securities LLC bought a new stake in shares of Vanguard Financials ETF in the 3rd quarter worth $538,000. Finally, Plancorp LLC bought a new stake in shares of Vanguard Financials ETF in the 3rd quarter worth $594,000. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Company Profile

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). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).