Vanguard Financials ETF (NYSEARCA:VFH) Hits New 52-Week High – Here’s Why

Vanguard Financials ETF (NYSEARCA:VFH)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $120.53 and last traded at $120.37, with a volume of 10442 shares trading hands. The stock had previously closed at $113.86.

Vanguard Financials ETF Stock Up 0.9 %

The company has a 50 day simple moving average of $111.85 and a 200 day simple moving average of $105.56. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Institutional Trading of Vanguard Financials ETF

Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in Vanguard Financials ETF by 9.1% during the 2nd quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock worth $65,219,000 after acquiring an additional 54,206 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Vanguard Financials ETF by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock worth $60,009,000 after buying an additional 25,730 shares during the period. Raymond James & Associates grew its holdings in Vanguard Financials ETF by 9.4% during the 2nd quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock worth $47,140,000 after acquiring an additional 40,730 shares during the last quarter. Cetera Investment Advisers increased its position in Vanguard Financials ETF by 702.9% in the 1st quarter. Cetera Investment Advisers now owns 390,808 shares of the company’s stock valued at $40,015,000 after acquiring an additional 342,131 shares during the period. Finally, KCM Investment Advisors LLC raised its stake in shares of Vanguard Financials ETF by 0.5% during the third quarter. KCM Investment Advisors LLC now owns 358,998 shares of the company’s stock valued at $39,458,000 after acquiring an additional 1,706 shares during the last quarter.

About Vanguard Financials ETF

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).