Vanguard Health Care ETF (NYSEARCA:VHT) Sets New 12-Month High – Still a Buy?

Vanguard Health Care ETF (NYSEARCA:VHT) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $331.27 and last traded at $330.4880, with a volume of 59,192 shares trading hands. The stock had previously closed at $323.15.

Vanguard Health Care ETF Stock Down 0.6%

The company has a market capitalization of $19.77 billion, a P/E ratio of 20.85 and a beta of 0.59. The company’s 50-day simple moving average is $318.93 and its 200 day simple moving average is $297.64.

Institutional Investors Weigh In On Vanguard Health Care ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Forum Financial Management LP bought a new stake in Vanguard Health Care ETF in the third quarter worth $232,000. Eagle Strategies LLC raised its holdings in Vanguard Health Care ETF by 2.1% during the third quarter. Eagle Strategies LLC now owns 6,538 shares of the company’s stock valued at $2,067,000 after buying an additional 136 shares in the last quarter. Mosley Wealth Management raised its holdings in Vanguard Health Care ETF by 4.1% during the third quarter. Mosley Wealth Management now owns 38,695 shares of the company’s stock valued at $12,737,000 after buying an additional 1,537 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Vanguard Health Care ETF by 16.4% during the third quarter. TD Waterhouse Canada Inc. now owns 17,278 shares of the company’s stock valued at $5,385,000 after buying an additional 2,439 shares in the last quarter. Finally, Selective Wealth Management Inc. acquired a new stake in shares of Vanguard Health Care ETF in the third quarter worth about $216,000.

Vanguard Health Care ETF Company Profile

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).