Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 12-Month High – Time to Buy?

Vanguard Financials ETF (NYSEARCA:VFH)’s share price hit a new 52-week high on Thursday . The company traded as high as $143.08 and last traded at $142.6210, with a volume of 45829 shares traded. The stock had previously closed at $140.86.

Vanguard Financials ETF Stock Up 1.0%

The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. The firm has a 50 day moving average of $138.80 and a 200 day moving average of $130.39.

Institutional Inflows and Outflows

A number of large investors 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 valued at $27,000. Continuum Advisory LLC bought a new stake in shares of Vanguard Financials ETF in the 2nd quarter worth $35,000. SHP Wealth Management purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Vanguard Financials ETF during the fourth quarter valued at about $39,000. Finally, Evergreen Advisors LLC bought a new position in shares of Vanguard Financials ETF during the first quarter valued at about $42,000. 61.65% of the stock is 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).