Vanguard Health Care ETF (NYSEARCA:VHT) Hits New 1-Year High – Should You Buy?

Vanguard Health Care ETF (NYSEARCA:VHT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $304.06 and last traded at $304.06, with a volume of 51616 shares changing hands. The stock had previously closed at $300.84.

Vanguard Health Care ETF Price Performance

The company has a 50-day moving average of $280.86 and a 200 day moving average of $283.25. The company has a market cap of $18.26 billion, a PE ratio of 20.85 and a beta of 0.60.

Hedge Funds Weigh In On Vanguard Health Care ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc increased its position in shares of Vanguard Health Care ETF by 241.7% during the 2nd quarter. Versant Capital Management Inc now owns 82 shares of the company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in Vanguard Health Care ETF by 0.6% in the second quarter. Cedar Mountain Advisors LLC now owns 52,193 shares of the company’s stock worth $15,606,000 after buying an additional 320 shares during the last quarter. Western Wealth Management LLC lifted its position in Vanguard Health Care ETF by 52.9% in the first quarter. Western Wealth Management LLC now owns 2,458 shares of the company’s stock worth $670,000 after buying an additional 850 shares during the last quarter. S&A Financial Services Inc. purchased a new position in Vanguard Health Care ETF during the first quarter worth $2,109,000. Finally, Rathbones Group PLC boosted its stake in Vanguard Health Care ETF by 34.0% during the first quarter. Rathbones Group PLC now owns 5,694 shares of the company’s stock worth $1,551,000 after buying an additional 1,446 shares during the period.

Vanguard Health Care ETF Company Profile

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).