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

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price 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 changing hands. The stock had previously closed at $137.48.

Vanguard Financials ETF Stock Up 0.3%

The firm has a market cap of $13.41 billion, a P/E ratio of 17.56 and a beta of 0.90. The company’s 50 day simple moving average is $128.88 and its 200-day simple moving average is $128.40.

Institutional Trading of Vanguard Financials ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in Vanguard Financials ETF by 124.9% in the 1st quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock worth $1,116,000 after buying an additional 5,190 shares during the period. Focus Partners Wealth boosted its position in Vanguard Financials ETF by 10.5% in the 1st quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after buying an additional 743 shares during the period. Brown Advisory Inc. boosted its position in Vanguard Financials ETF by 8.8% in the 2nd quarter. Brown Advisory Inc. now owns 6,664 shares of the company’s stock valued at $848,000 after buying an additional 540 shares during the period. Cerity Partners LLC grew its stake in Vanguard Financials ETF by 8.4% in the 2nd quarter. Cerity Partners LLC now owns 22,736 shares of the company’s stock worth $2,894,000 after acquiring an additional 1,759 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Vanguard Financials ETF by 1,765.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 9,587 shares of the company’s stock worth $1,220,000 after acquiring an additional 9,073 shares in the last quarter. Hedge funds and other institutional investors own 61.65% of the company’s stock.

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).