Vanguard Financials ETF (NYSEARCA:VFH) Sets New 1-Year High – What’s Next?

Vanguard Financials ETF (NYSEARCA:VFH)’s share price reached a new 52-week high on Wednesday. The company traded as high as $143.52 and last traded at $143.4830, with a volume of 672,967 shares changing hands. The stock had previously closed at $138.89.

Vanguard Financials ETF Stock Down 0.6%

The stock has a market capitalization of $13.52 billion, a P/E ratio of 17.56 and a beta of 0.89. The business’s 50 day simple moving average is $136.24 and its two-hundred day simple moving average is $131.68.

Hedge Funds Weigh In On Vanguard Financials ETF

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Vanguard Financials ETF by 1.6% in the 1st quarter. Bank of America Corp DE now owns 23,948,132 shares of the company’s stock worth $2,893,174,000 after acquiring an additional 379,485 shares during the last quarter. Mosley Wealth Management boosted its stake in shares of Vanguard Financials ETF by 2,191.6% in the 2nd quarter. Mosley Wealth Management now owns 80,709 shares of the company’s stock valued at $10,621,000 after purchasing an additional 77,187 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of Vanguard Financials ETF by 48.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 197,536 shares of the company’s stock valued at $25,996,000 after purchasing an additional 64,658 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Vanguard Financials ETF by 9.4% during the 1st quarter. Royal Bank of Canada now owns 579,925 shares of the company’s stock valued at $70,061,000 after purchasing an additional 49,666 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Vanguard Financials ETF by 49.5% during the 1st quarter. Fifth Third Bancorp now owns 136,333 shares of the company’s stock valued at $16,470,000 after purchasing an additional 45,129 shares during the last quarter. 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).