Vanguard Financials ETF (NYSEARCA:VFH) Sees Unusually-High Trading Volume – Should You Buy?

Vanguard Financials ETF (NYSEARCA:VFH) saw unusually-high trading volume on Wednesday . Approximately 277,225 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 379,217 shares.The stock last traded at $120.46 and had previously closed at $120.18.

Vanguard Financials ETF Price Performance

The business has a 50 day simple moving average of $119.66 and a 200 day simple moving average of $110.09. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Institutional Trading of Vanguard Financials ETF

Several hedge funds have recently made changes to their positions in VFH. US Bancorp DE raised its stake in shares of Vanguard Financials ETF by 3.5% in the third quarter. US Bancorp DE now owns 6,316 shares of the company’s stock valued at $694,000 after acquiring an additional 212 shares in the last quarter. Boltwood Capital Management acquired a new position in shares of Vanguard Financials ETF during the third quarter worth $213,000. Prospera Financial Services Inc increased its holdings in Vanguard Financials ETF by 7.2% in the third quarter. Prospera Financial Services Inc now owns 6,488 shares of the company’s stock valued at $713,000 after buying an additional 437 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Vanguard Financials ETF by 24.2% in the second quarter. Raymond James Trust N.A. now owns 5,876 shares of the company’s stock valued at $587,000 after buying an additional 1,146 shares during the last quarter. Finally, Trust Co. of Oklahoma raised its stake in Vanguard Financials ETF by 4.4% in the third quarter. Trust Co. of Oklahoma now owns 140,985 shares of the company’s stock valued at $15,496,000 after buying an additional 5,886 shares in 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).