Vanguard Health Care ETF (NYSEARCA:VHT) Reaches New 52-Week High – What’s Next?

Vanguard Health Care ETF (NYSEARCA:VHT) shares hit a new 52-week high on Tuesday . The company traded as high as $319.97 and last traded at $319.01, with a volume of 30503 shares trading hands. The stock had previously closed at $314.34.

Vanguard Health Care ETF Trading Up 3.3%

The company has a market capitalization of $19.61 billion, a PE ratio of 20.85 and a beta of 0.59. The company’s 50 day moving average price is $302.69 and its 200-day moving average price is $287.37.

Institutional Trading of Vanguard Health Care ETF

Institutional investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in Vanguard Health Care ETF during the fourth quarter valued at approximately $251,293,000. Bank of America Corp DE grew its stake in Vanguard Health Care ETF by 30.5% during the second quarter. Bank of America Corp DE now owns 1,919,086 shares of the company’s stock worth $476,586,000 after buying an additional 448,964 shares during the period. Morgan Stanley increased its position in shares of Vanguard Health Care ETF by 9.5% in the fourth quarter. Morgan Stanley now owns 1,615,053 shares of the company’s stock worth $464,893,000 after acquiring an additional 140,350 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Vanguard Health Care ETF by 2,388.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 118,641 shares of the company’s stock worth $34,151,000 after acquiring an additional 113,873 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Vanguard Health Care ETF by 8.8% in the third quarter. UBS Group AG now owns 1,305,197 shares of the company’s stock worth $338,829,000 after acquiring an additional 105,050 shares in the last quarter.

About Vanguard Health Care ETF

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups. The first group includes companies that manufacture health care equipment and supplies or provide health care related services (such as distributors of health care products, providers of basic health care services, and owners and operators of health care facilities and organizations).