Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 52-Week High – Time to Buy?

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $134.02 and last traded at $133.9540, with a volume of 234165 shares traded. The stock had previously closed at $132.06.

Vanguard Financials ETF Stock Performance

The stock has a market capitalization of $13.46 billion, a P/E ratio of 17.56 and a beta of 1.02. The stock’s fifty day simple moving average is $128.61 and its two-hundred day simple moving average is $128.08.

Hedge Funds Weigh In On Vanguard Financials ETF

A number of hedge funds have recently made changes to their positions in VFH. Capital Square LLC lifted its stake in shares of Vanguard Financials ETF by 3.5% in the second quarter. Capital Square LLC now owns 2,498 shares of the company’s stock worth $318,000 after acquiring an additional 84 shares during the period. Oldfather Financial Services LLC raised its holdings in Vanguard Financials ETF by 4.3% during the 2nd quarter. Oldfather Financial Services LLC now owns 2,047 shares of the company’s stock worth $261,000 after purchasing an additional 85 shares during the last quarter. Global Financial Private Client LLC lifted its position in shares of Vanguard Financials ETF by 5.7% in the 2nd quarter. Global Financial Private Client LLC now owns 1,585 shares of the company’s stock worth $202,000 after purchasing an additional 85 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Vanguard Financials ETF by 1.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,880 shares of the company’s stock valued at $640,000 after purchasing an additional 86 shares during the last quarter. Finally, Alteri Wealth LLC boosted its stake in shares of Vanguard Financials ETF by 4.8% in the 3rd quarter. Alteri Wealth LLC now owns 1,888 shares of the company’s stock valued at $248,000 after purchasing an additional 87 shares during the last quarter. 61.65% of the stock is currently owned by institutional investors.

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).