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

Vanguard Financials ETF (NYSEARCA:VFH)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $137.06 and last traded at $137.3470, with a volume of 60692 shares. The stock had previously closed at $133.96.

Vanguard Financials ETF Price Performance

The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 17.56 and a beta of 1.02. The firm has a 50 day simple moving average of $130.47 and a two-hundred day simple moving average of $129.52.

Institutional Investors Weigh In On Vanguard Financials ETF

Several large investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Vanguard Financials ETF in the 2nd quarter valued at $116,303,000. Corient Private Wealth LLC grew its stake in Vanguard Financials ETF by 606.8% in the second quarter. Corient Private Wealth LLC now owns 880,189 shares of the company’s stock valued at $111,992,000 after acquiring an additional 755,665 shares during the period. Beacon Capital Management Inc. grew its stake in Vanguard Financials ETF by 197.6% in the second quarter. Beacon Capital Management Inc. now owns 1,014,050 shares of the company’s stock valued at $129,089,000 after acquiring an additional 673,259 shares during the period. Bank of America Corp DE increased its holdings in shares of Vanguard Financials ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 23,437,493 shares of the company’s stock worth $3,075,937,000 after acquiring an additional 526,682 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in shares of Vanguard Financials ETF by 29,055.8% during the second quarter. Laurel Wealth Advisors LLC now owns 271,149 shares of the company’s stock worth $34,517,000 after purchasing an additional 270,219 shares during the period. Institutional investors own 61.65% of the company’s stock.

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). 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).