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

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

Vanguard Financials ETF Price Performance

The company has a market capitalization of $13.76 billion, a P/E ratio of 17.56 and a beta of 0.89. The stock has a 50-day moving average price of $139.25 and a 200-day moving average price of $130.58.

Hedge Funds Weigh In On Vanguard Financials ETF

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Vanguard Financials ETF by 124.9% during the 1st quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock worth $1,116,000 after acquiring an additional 5,190 shares during the period. Focus Partners Wealth lifted its stake in shares of Vanguard Financials ETF by 10.5% in the 1st quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after purchasing an additional 743 shares during the period. Brown Advisory Inc. boosted its position in shares of Vanguard Financials ETF by 8.8% during the 2nd quarter. Brown Advisory Inc. now owns 6,664 shares of the company’s stock valued at $848,000 after purchasing an additional 540 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Vanguard Financials ETF by 8.4% during the 2nd quarter. Cerity Partners LLC now owns 22,736 shares of the company’s stock valued at $2,894,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Vanguard Financials ETF by 1,765.2% during the second quarter. Qube Research & Technologies Ltd now owns 9,587 shares of the company’s stock worth $1,220,000 after purchasing an additional 9,073 shares during the period. Institutional investors 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).