Vanguard Industrials ETF (NYSEARCA:VIS) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Vanguard Industrials ETF (NYSEARCA:VIS)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $326.58 and traded as high as $330.99. Vanguard Industrials ETF shares last traded at $328.54, with a volume of 140,828 shares.

Vanguard Industrials ETF Stock Up 0.9%

The firm has a 50 day moving average of $326.58 and a 200-day moving average of $334.92. The company has a market cap of $8.23 billion, a P/E ratio of 23.72 and a beta of 1.04.

Institutional Investors Weigh In On Vanguard Industrials ETF

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Vanguard Industrials ETF by 0.3% during the 1st quarter. Bank of America Corp DE now owns 3,925,230 shares of the company’s stock valued at $1,225,535,000 after acquiring an additional 12,883 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Industrials ETF by 0.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 272,584 shares of the company’s stock valued at $98,234,000 after acquiring an additional 1,346 shares during the period. Compass Financial Group INC SD raised its position in shares of Vanguard Industrials ETF by 3.4% in the 3rd quarter. Compass Financial Group INC SD now owns 153,707 shares of the company’s stock worth $49,265,000 after acquiring an additional 5,110 shares in the last quarter. Royal Bank of Canada raised its position in shares of Vanguard Industrials ETF by 14.1% in the 1st quarter. Royal Bank of Canada now owns 149,005 shares of the company’s stock worth $46,521,000 after acquiring an additional 18,409 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of Vanguard Industrials ETF by 41.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 103,898 shares of the company’s stock worth $37,443,000 after acquiring an additional 30,472 shares in the last quarter.

About Vanguard Industrials ETF

Vanguard Industrials ETF (the Fund) seeks to track the investment performance of the MSCI US Investable Market Industrials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the industrials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by one of the following activities, the manufacture and distribution of capital goods (including aerospace and defense, construction, engineering and building products, electrical equipment, and industrial machinery); the provision of commercial services and supplies (including printing, employment, environmental, and office services); or the provision of transportation services (including airlines, couriers, marine, road and rail, and transportation infrastructure).