Vanguard Industrials ETF (NYSEARCA:VIS) Sets New 12-Month High – Time to Buy?

Shares of Vanguard Industrials ETF (NYSEARCA:VIS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $301.88 and last traded at $301.99, with a volume of 4514 shares trading hands. The stock had previously closed at $299.20.

Vanguard Industrials ETF Stock Up 0.4%

The business’s 50-day simple moving average is $293.36 and its 200-day simple moving average is $278.31. The stock has a market cap of $6.39 billion, a PE ratio of 23.72 and a beta of 1.14.

Hedge Funds Weigh In On Vanguard Industrials ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PGIM Custom Harvest LLC increased its position in shares of Vanguard Industrials ETF by 1.8% during the second quarter. PGIM Custom Harvest LLC now owns 909,939 shares of the company’s stock valued at $254,847,000 after buying an additional 15,945 shares during the period. Beacon Capital Management Inc. increased its position in shares of Vanguard Industrials ETF by 194.8% during the second quarter. Beacon Capital Management Inc. now owns 456,981 shares of the company’s stock valued at $127,987,000 after buying an additional 301,959 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Vanguard Industrials ETF during the second quarter valued at about $109,047,000. Envestnet Asset Management Inc. increased its position in shares of Vanguard Industrials ETF by 9.4% during the first quarter. Envestnet Asset Management Inc. now owns 380,196 shares of the company’s stock valued at $94,118,000 after buying an additional 32,612 shares during the period. Finally, LPL Financial LLC increased its position in shares of Vanguard Industrials ETF by 6.8% during the first quarter. LPL Financial LLC now owns 206,456 shares of the company’s stock valued at $51,108,000 after buying an additional 13,058 shares during the period.

Vanguard Industrials ETF Company Profile

Vanguard Industrials ETF (the Fund) seeks to track the investment performance of the MSCI US Investable Market Industrials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the industrials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by one of the following activities, the manufacture and distribution of capital goods (including aerospace and defense, construction, engineering and building products, electrical equipment, and industrial machinery); the provision of commercial services and supplies (including printing, employment, environmental, and office services); or the provision of transportation services (including airlines, couriers, marine, road and rail, and transportation infrastructure).