Vanguard Financials ETF (NYSEARCA:VFH) Sees Strong Trading Volume – Still a Buy?

Vanguard Financials ETF (NYSEARCA:VFH) shares saw an uptick in trading volume on Wednesday . 387,066 shares changed hands during trading, an increase of 3% from the previous session’s volume of 374,446 shares.The stock last traded at $119.47 and had previously closed at $119.47.

Vanguard Financials ETF Stock Performance

The company has a fifty day moving average price of $122.50 and a two-hundred day moving average price of $119.29. The company has a market cap of $12.08 billion, a P/E ratio of 16.30 and a beta of 1.10.

Vanguard Financials ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.5106 dividend. This is an increase from Vanguard Financials ETF’s previous dividend of $0.46. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Vanguard Financials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in VFH. Comprehensive Financial Planning Inc. PA acquired a new position in Vanguard Financials ETF during the fourth quarter worth $26,000. Abound Wealth Management grew its position in shares of Vanguard Financials ETF by 379.6% in the 4th quarter. Abound Wealth Management now owns 235 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares during the period. Kestra Investment Management LLC bought a new position in shares of Vanguard Financials ETF in the 4th quarter valued at about $35,000. Russell Investments Group Ltd. increased its stake in shares of Vanguard Financials ETF by 65.6% during the 4th quarter. Russell Investments Group Ltd. now owns 366 shares of the company’s stock worth $43,000 after purchasing an additional 145 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Vanguard Financials ETF in the 4th quarter valued at about $45,000.

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).