Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 52-Week High – Should You Buy?

Vanguard Financials ETF (NYSEARCA:VFH) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $138.50 and last traded at $138.13, with a volume of 20628 shares traded. The stock had previously closed at $137.48.

Vanguard Financials ETF Stock Performance

The company has a 50 day moving average of $129.23 and a 200 day moving average of $128.45. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90.

Institutional Investors Weigh In On Vanguard Financials ETF

Hedge funds have recently modified their holdings of the business. Jessup Wealth Management Inc acquired a new position in Vanguard Financials ETF during the fourth quarter worth about $27,000. Proathlete Wealth Management LLC grew its stake in Vanguard Financials ETF by 2,775.0% during the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares in the last quarter. SHP Wealth Management acquired a new stake in Vanguard Financials ETF in the 4th quarter valued at about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Vanguard Financials ETF in the 4th quarter valued at about $39,000. Finally, Evergreen Advisors LLC acquired a new stake in Vanguard Financials ETF in the 1st quarter valued at about $42,000. 61.65% of the stock is currently owned by institutional investors and hedge funds.

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).