Vanguard Financials ETF (NYSEARCA:VFH) Sees Large Volume Increase – Here’s Why

Vanguard Financials ETF (NYSEARCA:VFH) saw an uptick in trading volume on Wednesday . 277,225 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 379,217 shares.The stock last traded at $120.46 and had previously closed at $120.18.

Vanguard Financials ETF Stock Up 0.3 %

The firm has a 50 day moving average price of $119.66 and a two-hundred day moving average price of $110.09. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Institutional Trading of Vanguard Financials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VFH. &PARTNERS acquired a new position in shares of Vanguard Financials ETF in the 2nd quarter valued at about $626,000. Family Firm Inc. acquired a new position in shares of Vanguard Financials ETF during the second quarter valued at $25,000. Institute for Wealth Management LLC. lifted its holdings in Vanguard Financials ETF by 3.9% in the second quarter. Institute for Wealth Management LLC. now owns 12,402 shares of the company’s stock worth $1,239,000 after purchasing an additional 460 shares during the period. Raymond James Trust N.A. grew its position in Vanguard Financials ETF by 24.2% in the 2nd quarter. Raymond James Trust N.A. now owns 5,876 shares of the company’s stock valued at $587,000 after buying an additional 1,146 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Vanguard Financials ETF by 13.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,982 shares of the company’s stock valued at $597,000 after buying an additional 721 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).