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

Vanguard Financials ETF (NYSEARCA:VFH)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $127.06 and last traded at $126.72, with a volume of 230080 shares changing hands. The stock had previously closed at $125.45.

Vanguard Financials ETF Price Performance

The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96. The firm’s 50-day moving average is $121.61 and its 200 day moving average is $114.32.

Institutional Investors Weigh In On Vanguard Financials ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Vanguard Financials ETF during the 4th quarter worth $26,000. Abound Wealth Management boosted its position in shares of Vanguard Financials ETF by 379.6% in the fourth quarter. Abound Wealth Management now owns 235 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Vanguard Financials ETF by 45.0% in the third quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock valued at $32,000 after buying an additional 90 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at about $35,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at about $45,000.

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).