Vanguard Consumer Staples ETF (NYSEARCA:VDC) Sets New 1-Year High – Time to Buy?

Vanguard Consumer Staples ETF (NYSEARCA:VDC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $237.19 and last traded at $236.02, with a volume of 267150 shares changing hands. The stock had previously closed at $233.64.

Vanguard Consumer Staples ETF Trading Up 1.4%

The firm’s 50-day moving average is $218.57 and its two-hundred day moving average is $216.85. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 22.76 and a beta of 0.56.

Hedge Funds Weigh In On Vanguard Consumer Staples ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Vanguard Consumer Staples ETF during the fourth quarter worth approximately $208,000. Integrated Wealth Concepts LLC boosted its stake in Vanguard Consumer Staples ETF by 11.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,957 shares of the company’s stock worth $428,000 after purchasing an additional 197 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Vanguard Consumer Staples ETF during the first quarter worth $441,000. DAVENPORT & Co LLC raised its position in shares of Vanguard Consumer Staples ETF by 37.8% in the second quarter. DAVENPORT & Co LLC now owns 1,715 shares of the company’s stock valued at $376,000 after buying an additional 470 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Vanguard Consumer Staples ETF by 3.7% in the second quarter. US Bancorp DE now owns 17,383 shares of the company’s stock worth $3,807,000 after buying an additional 627 shares in the last quarter.

Vanguard Consumer Staples ETF Company Profile

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.