Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 1-Year High – Still a Buy?

Vanguard Financials ETF (NYSEARCA:VFH)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $139.87 and last traded at $139.63, with a volume of 64408 shares trading hands. The stock had previously closed at $137.81.

Vanguard Financials ETF Stock Up 1.0%

The firm has a market cap of $13.48 billion, a PE ratio of 17.56 and a beta of 0.90. The stock has a 50 day moving average price of $131.83 and a two-hundred day moving average price of $128.66.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VFH. Quaker Wealth Management LLC lifted its stake in shares of Vanguard Financials ETF by 3.0% during the second quarter. Quaker Wealth Management LLC now owns 36,583 shares of the company’s stock worth $4,814,000 after buying an additional 1,057 shares during the period. D.A. Davidson & CO. increased its position in shares of Vanguard Financials ETF by 2.5% in the 2nd quarter. D.A. Davidson & CO. now owns 25,839 shares of the company’s stock valued at $3,400,000 after acquiring an additional 631 shares during the period. Johnson Investment Counsel Inc. raised its stake in Vanguard Financials ETF by 3.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 49,276 shares of the company’s stock worth $6,485,000 after acquiring an additional 1,734 shares during the last quarter. Wealth Architects LLC purchased a new position in Vanguard Financials ETF in the 2nd quarter worth $214,000. Finally, Financial & Tax Architects LLC acquired a new stake in Vanguard Financials ETF during the 2nd quarter worth about $300,000. Institutional investors and hedge funds 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).