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

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price reached a new 52-week high on Friday . The stock traded as high as $111.67 and last traded at $111.67, with a volume of 200 shares changing hands. The stock had previously closed at $110.76.

Vanguard Financials ETF Price Performance

The firm has a 50 day simple moving average of $107.88 and a two-hundred day simple moving average of $103.37. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Institutional Investors Weigh In On Vanguard Financials ETF

A number of hedge funds have recently modified their holdings of the business. Beacon Capital Management Inc. raised its position in shares of Vanguard Financials ETF by 206.2% during the first quarter. Beacon Capital Management Inc. now owns 1,671,708 shares of the company’s stock worth $169,729,000 after purchasing an additional 1,125,795 shares during the period. LPL Financial LLC raised its position in Vanguard Financials ETF by 9.1% in the 2nd quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock valued at $65,219,000 after buying an additional 54,206 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Vanguard Financials ETF by 4.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock valued at $60,009,000 after buying an additional 25,730 shares during the last quarter. Raymond James & Associates raised its position in Vanguard Financials ETF by 9.4% in the 2nd quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock valued at $47,140,000 after buying an additional 40,730 shares during the last quarter. Finally, Cetera Investment Advisers raised 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 buying an additional 342,131 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).