Vanguard Consumer Staples ETF (NYSEARCA:VDC) Sees Strong Trading Volume – Still a Buy?

Vanguard Consumer Staples ETF (NYSEARCA:VDC) saw unusually-high trading volume on Tuesday. 906,207 shares changed hands during trading, an increase of 424% from the previous session’s volume of 172,795 shares. The stock last traded at $220.9160 and had previously closed at $222.80.

Vanguard Consumer Staples ETF Price Performance

The company has a fifty day moving average of $228.93 and a 200-day moving average of $228.05. The firm has a market capitalization of $7.57 billion, a PE ratio of 22.76 and a beta of 0.49.

Hedge Funds Weigh In On Vanguard Consumer Staples ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VDC. Bank of America Corp DE lifted its stake in shares of Vanguard Consumer Staples ETF by 10.9% in the 1st quarter. Bank of America Corp DE now owns 4,336,403 shares of the company’s stock valued at $973,913,000 after purchasing an additional 424,605 shares during the last quarter. LPL Financial LLC grew its holdings in Vanguard Consumer Staples ETF by 3.7% in the 4th quarter. LPL Financial LLC now owns 874,979 shares of the company’s stock valued at $184,830,000 after buying an additional 31,343 shares during the last quarter. Cetera Investment Advisers increased its position in Vanguard Consumer Staples ETF by 1.0% during the first quarter. Cetera Investment Advisers now owns 268,001 shares of the company’s stock worth $60,190,000 after acquiring an additional 2,656 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Vanguard Consumer Staples ETF by 49.4% during the second quarter. Ameritas Advisory Services LLC now owns 140,086 shares of the company’s stock valued at $31,588,000 after buying an additional 46,307 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Vanguard Consumer Staples ETF by 17.1% in the 1st quarter. Royal Bank of Canada now owns 104,743 shares of the company’s stock worth $23,524,000 after acquiring an additional 15,274 shares during the period.

About Vanguard Consumer Staples ETF

Vanguard Consumer Staples ETF (the Fund) is an exchange-traded share class of Vanguard Consumer Staples Index Fund, which seeks to track the investment performance of the MSCI US Investable Market Consumer Staples 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the consumer staples sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages, and tobacco, as well as producers of nondurable household goods and personal products.