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

Vanguard Financials ETF (NYSEARCA:VFH)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $141.10 and last traded at $141.10, with a volume of 46802 shares changing hands. The stock had previously closed at $140.51.

Vanguard Financials ETF Stock Performance

The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. The firm has a 50-day simple moving average of $133.38 and a two-hundred day simple moving average of $128.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jessup Wealth Management Inc purchased a new stake in Vanguard Financials ETF during the 4th quarter worth approximately $27,000. Proathlete Wealth Management LLC lifted its holdings in Vanguard Financials ETF by 2,775.0% during the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after buying an additional 222 shares in the last quarter. SHP Wealth Management purchased a new position in Vanguard Financials ETF in the 4th quarter valued at approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Vanguard Financials ETF in the 4th quarter valued at approximately $39,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Vanguard Financials ETF in the first quarter worth $42,000. Institutional investors and hedge funds own 61.65% of the company’s stock.

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).