Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 52-Week High – Here’s What Happened

Vanguard Financials ETF (NYSEARCA:VFH) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $137.06 and last traded at $137.3470, with a volume of 60692 shares trading hands. The stock had previously closed at $133.96.

Vanguard Financials ETF Stock Performance

The firm has a market capitalization of $13.77 billion, a P/E ratio of 17.56 and a beta of 1.02. The firm’s 50-day moving average is $130.47 and its 200 day moving average is $129.52.

Institutional Investors Weigh In On Vanguard Financials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of VFH. Steigerwald Gordon & Koch Inc. acquired a new position in Vanguard Financials ETF during the 3rd quarter worth approximately $27,000. JDM Financial Group LLC acquired a new position in Vanguard Financials ETF during the third quarter worth $31,000. First Horizon Corp bought a new position in Vanguard Financials ETF in the third quarter valued at $37,000. American National Bank & Trust bought a new position in Vanguard Financials ETF in the second quarter valued at $37,000. Finally, Grove Bank & Trust acquired a new stake in Vanguard Financials ETF in the 2nd quarter valued at $38,000. Institutional investors and hedge funds 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).