Vanguard Financials ETF (NYSEARCA:VFH) Sees Large Volume Increase – Still a Buy?

Shares of Vanguard Financials ETF (NYSEARCA:VFH) saw unusually-strong trading volume on Thursday . Approximately 397,677 shares were traded during trading, a decline of 30% from the previous session’s volume of 564,864 shares.The stock last traded at $121.34 and had previously closed at $121.06.

Vanguard Financials ETF Stock Performance

The firm has a market capitalization of $11.31 billion, a P/E ratio of 14.43 and a beta of 0.96. The company has a 50-day simple moving average of $121.18 and a two-hundred day simple moving average of $112.86.

Institutional Investors Weigh In On Vanguard Financials ETF

Several hedge funds have recently made changes to their positions in the company. Synovus Financial Corp boosted its holdings in shares of Vanguard Financials ETF by 97.8% during the 3rd quarter. Synovus Financial Corp now owns 443,222 shares of the company’s stock valued at $48,714,000 after buying an additional 219,120 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Vanguard Financials ETF during the 2nd quarter valued at about $10,902,000. EWG Elevate Inc. purchased a new stake in shares of Vanguard Financials ETF in the 4th quarter worth approximately $12,919,000. Barclays PLC grew its stake in shares of Vanguard Financials ETF by 11,076.1% in the third quarter. Barclays PLC now owns 98,350 shares of the company’s stock worth $10,810,000 after acquiring an additional 97,470 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. bought a new stake in Vanguard Financials ETF during the 3rd quarter valued at about $8,169,000.

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).