Vanguard Financials ETF (NYSEARCA:VFH) Sees Strong Trading Volume – Should You Buy?

Vanguard Financials ETF (NYSEARCA:VFH) saw unusually-high trading volume on Tuesday . Approximately 1,012,348 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 427,714 shares.The stock last traded at $123.46 and had previously closed at $123.61.

Vanguard Financials ETF Stock Performance

The stock’s 50 day simple moving average is $117.39 and its 200-day simple moving average is $120.25. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 16.90 and a beta of 1.03.

Institutional Investors Weigh In On Vanguard Financials ETF

Several hedge funds have recently modified their holdings of VFH. Raymond James Financial Inc. purchased a new position in Vanguard Financials ETF in the 4th quarter valued at about $130,549,000. BNP Paribas Financial Markets increased its position in shares of Vanguard Financials ETF by 7,562,075.0% during the first quarter. BNP Paribas Financial Markets now owns 302,487 shares of the company’s stock valued at $36,138,000 after acquiring an additional 302,483 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Vanguard Financials ETF by 15.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,582,629 shares of the company’s stock worth $186,861,000 after purchasing an additional 216,103 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in Vanguard Financials ETF by 2,906.6% during the 4th quarter. Wealthfront Advisers LLC now owns 218,700 shares of the company’s stock valued at $25,822,000 after acquiring an additional 211,426 shares during the period. Finally, Allianz SE purchased a new stake in Vanguard Financials ETF during the fourth quarter worth about $21,652,000.

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).