Vanguard Financials ETF (NYSEARCA:VFH) Hits New 52-Week High – Time to Buy?

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price reached a new 52-week high on Monday . The company traded as high as $139.87 and last traded at $139.63, with a volume of 64408 shares. The stock had previously closed at $137.81.

Vanguard Financials ETF Stock Up 1.3%

The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. The stock’s fifty day moving average price is $132.39 and its 200-day moving average price is $128.70.

Hedge Funds Weigh In On Vanguard Financials ETF

Large investors have recently modified their holdings of the business. Quaker Wealth Management LLC grew its holdings in shares of Vanguard Financials ETF by 3.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 36,583 shares of the company’s stock valued at $4,814,000 after acquiring an additional 1,057 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Vanguard Financials ETF by 2.5% during the second quarter. D.A. Davidson & CO. now owns 25,839 shares of the company’s stock worth $3,400,000 after acquiring an additional 631 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in Vanguard Financials ETF by 3.6% during the second quarter. Johnson Investment Counsel Inc. now owns 49,276 shares of the company’s stock valued at $6,485,000 after purchasing an additional 1,734 shares during the last quarter. Wealth Architects LLC bought a new position in Vanguard Financials ETF in the second quarter valued at approximately $214,000. Finally, Financial & Tax Architects LLC bought a new position in Vanguard Financials ETF in the second quarter valued at approximately $300,000. 61.65% of the stock is currently owned by institutional investors and hedge funds.

About Vanguard Financials ETF

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).