Vanguard Financials ETF (NYSEARCA:VFH) Sees Large Volume Increase – Time to Buy?

Shares of Vanguard Financials ETF (NYSEARCA:VFH) saw an uptick in trading volume on Tuesday . 1,668,268 shares changed hands during mid-day trading, an increase of 117% from the previous session’s volume of 769,748 shares.The stock last traded at $127.02 and had previously closed at $126.68.

Vanguard Financials ETF Trading Up 0.4%

The business has a 50-day simple moving average of $124.44 and a 200 day simple moving average of $128.56. The stock has a market cap of $12.93 billion, a P/E ratio of 17.56 and a beta of 0.96.

Institutional Investors Weigh In On Vanguard Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in VFH. Jane Street Group LLC boosted its position in shares of Vanguard Financials ETF by 124.9% during the 1st quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock valued at $1,116,000 after purchasing an additional 5,190 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Vanguard Financials ETF by 10.5% during the 1st quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after purchasing an additional 743 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Vanguard Financials ETF by 8.8% during the 2nd quarter. Brown Advisory Inc. now owns 6,664 shares of the company’s stock valued at $848,000 after purchasing an additional 540 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Vanguard Financials ETF by 8.4% during the 2nd quarter. Cerity Partners LLC now owns 22,736 shares of the company’s stock valued at $2,894,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Vanguard Financials ETF by 1,765.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 9,587 shares of the company’s stock valued at $1,220,000 after purchasing an additional 9,073 shares in the last quarter. Institutional investors own 61.65% of the company’s stock.

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). 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).