Vanguard Health Care ETF (NYSEARCA:VHT) Reaches New 52-Week High – Here’s Why

Vanguard Health Care ETF (NYSEARCA:VHTGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $319.97 and last traded at $319.01, with a volume of 30503 shares changing hands. The stock had previously closed at $314.34.

Vanguard Health Care ETF Stock Performance

The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 20.85 and a beta of 0.59. The business’s 50 day simple moving average is $301.16 and its 200-day simple moving average is $286.84.

Hedge Funds Weigh In On Vanguard Health Care ETF

Several hedge funds and other institutional investors have recently made changes to their positions in VHT. Bank of America Corp DE increased its position in Vanguard Health Care ETF by 30.5% in the 2nd quarter. Bank of America Corp DE now owns 1,919,086 shares of the company’s stock valued at $476,586,000 after acquiring an additional 448,964 shares during the period. Morgan Stanley increased its holdings in shares of Vanguard Health Care ETF by 9.5% during the fourth quarter. Morgan Stanley now owns 1,615,053 shares of the company’s stock valued at $464,893,000 after purchasing an additional 140,350 shares during the period. UBS Group AG raised its stake in shares of Vanguard Health Care ETF by 6.4% during the fourth quarter. UBS Group AG now owns 1,388,965 shares of the company’s stock valued at $399,814,000 after purchasing an additional 83,768 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Vanguard Health Care ETF in the fourth quarter worth about $251,293,000. Finally, LPL Financial LLC grew its position in Vanguard Health Care ETF by 6.8% in the 4th quarter. LPL Financial LLC now owns 806,286 shares of the company’s stock valued at $232,089,000 after buying an additional 51,515 shares in the last quarter.

Vanguard Health Care ETF Company Profile

(Get Free Report)

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups. The first group includes companies that manufacture health care equipment and supplies or provide health care related services (such as distributors of health care products, providers of basic health care services, and owners and operators of health care facilities and organizations).

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