Vanguard Financials ETF (NYSEARCA:VFH) Sets New 1-Year High – Here’s Why

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $123.31 and last traded at $123.16, with a volume of 75977 shares traded. The stock had previously closed at $121.74.

Vanguard Financials ETF Trading Up 1.2 %

The company has a market cap of $11.49 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96. The firm has a 50-day moving average price of $114.35 and a 200 day moving average price of $107.04.

Institutional Trading of Vanguard Financials ETF

Several institutional investors have recently added to or reduced their stakes in VFH. US Bancorp DE grew its holdings in shares of Vanguard Financials ETF by 3.5% during the third quarter. US Bancorp DE now owns 6,316 shares of the company’s stock valued at $694,000 after purchasing an additional 212 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Vanguard Financials ETF in the 1st quarter worth $61,000. Boltwood Capital Management bought a new stake in Vanguard Financials ETF in the third quarter worth about $213,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Vanguard Financials ETF by 4.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock worth $60,009,000 after purchasing an additional 25,730 shares in the last quarter. Finally, MontVue Capital Management Inc. lifted its position in shares of Vanguard Financials ETF by 21.5% during the 2nd quarter. MontVue Capital Management Inc. now owns 19,132 shares of the company’s stock valued at $1,911,000 after acquiring an additional 3,384 shares during 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).