Vanguard Health Care ETF (NYSEARCA:VHT) Hits New 52-Week High – What’s Next?

Shares of Vanguard Health Care ETF (NYSEARCA:VHT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $304.06 and last traded at $304.06, with a volume of 51616 shares. The stock had previously closed at $300.84.

Vanguard Health Care ETF Price Performance

The firm has a market capitalization of $18.09 billion, a P/E ratio of 20.85 and a beta of 0.60. The company’s 50 day moving average price is $279.47 and its 200 day moving average price is $282.93.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cornerstone National Bank & Trust Co bought a new position in shares of Vanguard Health Care ETF in the 4th quarter valued at about $608,000. Cyndeo Wealth Partners LLC bought a new stake in shares of Vanguard Health Care ETF during the fourth quarter worth approximately $1,125,000. Trust Co. of Oklahoma lifted its holdings in Vanguard Health Care ETF by 7.7% in the fourth quarter. Trust Co. of Oklahoma now owns 32,618 shares of the company’s stock valued at $9,389,000 after buying an additional 2,331 shares during the period. Royal Fund Management LLC lifted its holdings in Vanguard Health Care ETF by 32.8% in the fourth quarter. Royal Fund Management LLC now owns 31,186 shares of the company’s stock valued at $8,994,000 after buying an additional 7,705 shares during the period. Finally, Capital Advantage Inc. boosted its stake in Vanguard Health Care ETF by 2.4% in the fourth quarter. Capital Advantage Inc. now owns 87,982 shares of the company’s stock valued at $25,325,000 after acquiring an additional 2,047 shares during the last quarter.

About Vanguard Health Care ETF

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups. The first group includes companies that manufacture health care equipment and supplies or provide health care related services (such as distributors of health care products, providers of basic health care services, and owners and operators of health care facilities and organizations).