Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 12-Month High at $108.32

Vanguard Financials ETF (NYSEARCA:VFH)’s share price hit a new 52-week high on Friday . The stock traded as high as $108.32 and last traded at $107.75, with a volume of 133679 shares trading hands. The stock had previously closed at $106.73.

Vanguard Financials ETF Trading Up 1.2 %

The company has a 50-day moving average of $103.09 and a 200-day moving average of $100.54. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Institutional Investors Weigh In On Vanguard Financials ETF

Several large investors have recently made changes to their positions in VFH. Beacon Capital Management Inc. lifted its position in Vanguard Financials ETF by 206.2% in the first quarter. Beacon Capital Management Inc. now owns 1,671,708 shares of the company’s stock worth $169,729,000 after purchasing an additional 1,125,795 shares during the period. Morningstar Investment Services LLC lifted its holdings in shares of Vanguard Financials ETF by 62.1% in the fourth quarter. Morningstar Investment Services LLC now owns 818,619 shares of the company’s stock valued at $75,861,000 after buying an additional 313,649 shares during the period. LPL Financial LLC boosted its stake in Vanguard Financials ETF by 9.1% during the second quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock valued at $65,219,000 after buying an additional 54,206 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Vanguard Financials ETF by 4.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock valued at $60,009,000 after buying an additional 25,730 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Vanguard Financials ETF by 9.4% during the second quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock worth $47,140,000 after acquiring an additional 40,730 shares during the period.

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).