Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 1-Year High – Still a Buy?

Vanguard Financials ETF (NYSEARCA:VFH) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $138.50 and last traded at $138.13, with a volume of 20628 shares. The stock had previously closed at $137.48.

Vanguard Financials ETF Trading Up 0.3%

The firm has a market capitalization of $13.41 billion, a P/E ratio of 17.56 and a beta of 0.90. The stock has a 50-day simple moving average of $128.88 and a two-hundred day simple moving average of $128.40.

Institutional Trading of Vanguard Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in VFH. Jessup Wealth Management Inc bought a new position in Vanguard Financials ETF during the 4th quarter worth about $27,000. Proathlete Wealth Management LLC raised its holdings in shares of Vanguard Financials ETF by 2,775.0% in the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock valued at $31,000 after purchasing an additional 222 shares in the last quarter. SHP Wealth Management bought a new stake in shares of Vanguard Financials ETF in the 4th quarter valued at about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Vanguard Financials ETF in the 4th quarter worth approximately $39,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Vanguard Financials ETF in the 1st quarter worth approximately $42,000. 61.65% of the stock is currently owned by institutional investors.

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). 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).