Vanguard Financials ETF (NYSEARCA:VFH) Hits New 1-Year High – Here’s What Happened

by · The Markets Daily

Vanguard Financials ETF (NYSEARCA:VFH – Get Free Report) 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 Trading Up 0.2%

The company has a market cap of $13.75 billion, a PE ratio of 17.56 and a beta of 0.90. The stock has a fifty day simple moving average of $133.98 and a two-hundred day simple moving average of $128.95.

Institutional Trading of Vanguard Financials ETF

Institutional investors have recently bought and sold shares of the company. Jessup Wealth Management Inc purchased a new stake in shares of Vanguard Financials ETF in the 4th quarter worth about $27,000. Proathlete Wealth Management LLC raised its position in 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 acquiring an additional 222 shares during the last quarter. SHP Wealth Management acquired a new position in Vanguard Financials ETF during the fourth quarter worth about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at about $39,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Vanguard Financials ETF in the first quarter valued at about $42,000. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Company Profile

(Get Free Report)

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).

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