Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 52-Week High – Here’s Why

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $139.87 and last traded at $139.63, with a volume of 64408 shares changing hands. The stock had previously closed at $137.81.

Vanguard Financials ETF Stock Up 1.0%

The firm has a market cap of $13.48 billion, a P/E ratio of 17.56 and a beta of 0.90. The company’s 50 day simple moving average is $131.83 and its 200-day simple moving average is $128.66.

Hedge Funds Weigh In On Vanguard Financials ETF

Several hedge funds have recently bought and sold shares of the business. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Financials ETF during the fourth quarter worth $27,000. Proathlete Wealth Management LLC increased its stake in Vanguard Financials ETF by 2,775.0% in 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 during the period. SHP Wealth Management bought a new stake in Vanguard Financials ETF during the 4th quarter valued at about $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Vanguard Financials ETF in the 4th quarter valued at about $39,000. Finally, Evergreen Advisors LLC purchased a new stake in Vanguard Financials ETF in the 1st quarter valued at about $42,000. Institutional investors own 61.65% of the company’s stock.

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). 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).