Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 1-Year High – Should You Buy?

Shares of Vanguard Financials ETF (NYSEARCA:VFH) hit a new 52-week high on Thursday . The stock traded as high as $127.29 and last traded at $127.29, with a volume of 266674 shares traded. The stock had previously closed at $126.28.

Vanguard Financials ETF Stock Down 0.4 %

The business’s 50-day simple moving average is $121.63 and its two-hundred day simple moving average is $115.03. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Hedge Funds Weigh In On Vanguard Financials ETF

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Financials ETF during the fourth quarter worth $130,549,000. Synovus Financial Corp increased its holdings in Vanguard Financials ETF by 97.8% during the 3rd 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 period. Wealthfront Advisers LLC raised its position in Vanguard Financials ETF by 2,906.6% in the 4th quarter. Wealthfront Advisers LLC now owns 218,700 shares of the company’s stock valued at $25,822,000 after purchasing an additional 211,426 shares in the last quarter. Advisors Preferred LLC boosted its stake in shares of Vanguard Financials ETF by 48.0% in the 4th quarter. Advisors Preferred LLC now owns 446,507 shares of the company’s stock valued at $52,612,000 after buying an additional 144,912 shares during the period. Finally, EWG Elevate Inc. acquired a new position in shares of Vanguard Financials ETF during the fourth quarter worth about $12,919,000.

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).