Vanguard Financials ETF (NYSEARCA:VFH) Sees Strong Trading Volume – Here’s What Happened
by Amy Steele · The Cerbat GemVanguard Financials ETF (NYSEARCA:VFH – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,671,916 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 690,014 shares.The stock last traded at $126.07 and had previously closed at $126.66.
Vanguard Financials ETF Price Performance
The stock has a fifty day moving average price of $125.08 and a 200-day moving average price of $128.14. The company has a market cap of $12.83 billion, a PE ratio of 17.56 and a beta of 0.92.
Institutional Trading of Vanguard Financials ETF
A number of hedge funds have recently modified their holdings of VFH. Jessup Wealth Management Inc purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at $27,000. Proathlete Wealth Management LLC increased its stake in shares of Vanguard Financials ETF by 2,775.0% in the fourth quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Vanguard Financials ETF in the fourth quarter worth $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Vanguard Financials ETF in the fourth quarter worth $39,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Vanguard Financials ETF in the first quarter worth $42,000. Hedge funds and other institutional investors own 61.65% of the company’s stock.
Vanguard Financials ETF Company Profile
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).