Vanguard Health Care ETF (NYSEARCA:VHT) Sets New 52-Week High – Still a Buy?

Vanguard Health Care ETF (NYSEARCA:VHT)’s share price hit a new 52-week high on Wednesday . The company traded as high as $311.67 and last traded at $310.29, with a volume of 248679 shares trading hands. The stock had previously closed at $305.80.

Vanguard Health Care ETF Price Performance

The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 20.85 and a beta of 0.60. The firm’s fifty day moving average price is $282.32 and its 200-day moving average price is $283.50.

Institutional Trading of Vanguard Health Care ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in Vanguard Health Care ETF by 241.7% in the second quarter. Versant Capital Management Inc now owns 82 shares of the company’s stock valued at $25,000 after acquiring an additional 58 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Vanguard Health Care ETF during the third quarter worth $26,000. Newbridge Financial Services Group Inc. raised its stake in shares of Vanguard Health Care ETF by 162.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 105 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the period. Proathlete Wealth Management LLC boosted its stake in Vanguard Health Care ETF by 2,625.0% in the fourth quarter. Proathlete Wealth Management LLC now owns 109 shares of the company’s stock valued at $31,000 after acquiring an additional 105 shares during the last quarter. Finally, AG Campbell Advisory LLC purchased a new position in Vanguard Health Care ETF in the fourth quarter valued at approximately $36,000.

About Vanguard Health Care ETF

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups. The first group includes companies that manufacture health care equipment and supplies or provide health care related services (such as distributors of health care products, providers of basic health care services, and owners and operators of health care facilities and organizations).