Vanguard Financials ETF (NYSEARCA:VFH) Reaches New 1-Year High – What’s Next?

Vanguard Financials ETF (NYSEARCA:VFH) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $120.53 and last traded at $120.37, with a volume of 10442 shares trading hands. The stock had previously closed at $113.86.

Vanguard Financials ETF Stock Performance

The company has a market capitalization of $11.20 billion, a PE ratio of 14.43 and a beta of 0.96. The business’s 50-day moving average is $111.21 and its 200-day moving average is $105.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VFH. Cetera Investment Advisers raised its holdings in Vanguard Financials ETF by 702.9% in the first quarter. Cetera Investment Advisers now owns 390,808 shares of the company’s stock worth $40,015,000 after buying an additional 342,131 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Vanguard Financials ETF in the second quarter worth about $10,902,000. Bordeaux Wealth Advisors LLC purchased a new position in Vanguard Financials ETF in the second quarter worth about $10,745,000. Cetera Advisor Networks LLC raised its holdings in Vanguard Financials ETF by 67.8% in the first quarter. Cetera Advisor Networks LLC now owns 237,457 shares of the company’s stock worth $24,313,000 after buying an additional 95,980 shares during the last quarter. Finally, Cetera Advisors LLC raised its holdings in Vanguard Financials ETF by 821.7% in the first quarter. Cetera Advisors LLC now owns 101,777 shares of the company’s stock worth $10,421,000 after buying an additional 90,735 shares during the last quarter.

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).