Vanguard Financials ETF (NYSEARCA:VFH) Hits New 52-Week High at $111.02

Vanguard Financials ETF (NYSEARCA:VFH)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $111.02 and last traded at $110.36, with a volume of 238131 shares changing hands. The stock had previously closed at $109.95.

Vanguard Financials ETF Stock Down 0.2 %

The company has a 50 day moving average of $105.98 and a 200 day moving average of $102.08. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Hedge Funds Weigh In On Vanguard Financials ETF

Institutional investors have recently bought and sold shares of the stock. Beacon Capital Management Inc. raised its holdings in shares of Vanguard Financials ETF by 206.2% in the first quarter. Beacon Capital Management Inc. now owns 1,671,708 shares of the company’s stock valued at $169,729,000 after buying an additional 1,125,795 shares during the last quarter. Morningstar Investment Services LLC grew its stake in Vanguard Financials ETF by 62.1% in the fourth quarter. Morningstar Investment Services LLC now owns 818,619 shares of the company’s stock valued at $75,861,000 after acquiring an additional 313,649 shares during the period. LPL Financial LLC boosted its holdings in shares of Vanguard Financials ETF by 9.1% in the 2nd quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock worth $65,219,000 after buying an additional 54,206 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Vanguard Financials ETF by 4.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock valued at $60,009,000 after purchasing an additional 25,730 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Vanguard Financials ETF by 9.4% in the second quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock worth $47,140,000 after purchasing an additional 40,730 shares during the last quarter.

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).