Vanguard Consumer Staples ETF (NYSEARCA:VDC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Vanguard Consumer Staples ETF (NYSEARCA:VDC) saw unusually-strong trading volume on Tuesday. 906,207 shares were traded during trading, an increase of 424% from the previous session’s volume of 172,795 shares. The stock last traded at $220.9160 and had previously closed at $222.80.

Vanguard Consumer Staples ETF Stock Down 0.9%

The stock has a market capitalization of $7.57 billion, a P/E ratio of 22.76 and a beta of 0.49. The firm’s 50-day simple moving average is $228.93 and its 200 day simple moving average is $228.05.

Hedge Funds Weigh In On Vanguard Consumer Staples ETF

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of Vanguard Consumer Staples ETF by 3.7% in the 4th quarter. LPL Financial LLC now owns 874,979 shares of the company’s stock valued at $184,830,000 after purchasing an additional 31,343 shares during the period. KCM Investment Advisors LLC boosted its holdings in shares of Vanguard Consumer Staples ETF by 4.0% during the fourth quarter. KCM Investment Advisors LLC now owns 58,249 shares of the company’s stock worth $12,304,000 after purchasing an additional 2,242 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Vanguard Consumer Staples ETF during the first quarter valued at approximately $1,673,000. Southern Capital Services Inc. ADV acquired a new position in Vanguard Consumer Staples ETF in the 4th quarter valued at approximately $4,688,000. Finally, Bank of America Corp DE increased its stake in Vanguard Consumer Staples ETF by 10.9% in the 1st quarter. Bank of America Corp DE now owns 4,336,403 shares of the company’s stock valued at $973,913,000 after buying an additional 424,605 shares during the period.

Vanguard Consumer Staples ETF Company Profile

Vanguard Consumer Staples ETF (the Fund) is an exchange-traded share class of Vanguard Consumer Staples Index Fund, which seeks to track the investment performance of the MSCI US Investable Market Consumer Staples 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the consumer staples sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages, and tobacco, as well as producers of nondurable household goods and personal products.