Vanguard Financials ETF (NYSEARCA:VFH) Sets New 12-Month High – Here’s Why

Vanguard Financials ETF (NYSEARCA:VFH) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $141.10 and last traded at $141.10, with a volume of 46802 shares changing hands. The stock had previously closed at $140.51.

Vanguard Financials ETF Stock Up 1.1%

The company has a market cap of $13.76 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. The stock’s 50-day simple moving average is $133.38 and its 200 day simple moving average is $128.83.

Hedge Funds Weigh In On Vanguard Financials ETF

Large investors have recently made changes to their positions in the stock. Jessup Wealth Management Inc acquired a new stake in Vanguard Financials ETF in the 4th quarter valued at approximately $27,000. Proathlete Wealth Management LLC boosted its position in shares of Vanguard Financials ETF by 2,775.0% during the fourth quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the period. SHP Wealth Management purchased a new position in shares of Vanguard Financials ETF during the fourth quarter worth $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at $39,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Vanguard Financials ETF in the first quarter valued at $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).