Vanguard Health Care ETF (NYSEARCA:VHT) Reaches New 1-Year High – Here’s Why

Shares of Vanguard Health Care ETF (NYSEARCA:VHT) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $343.58 and last traded at $341.7760, with a volume of 43,786 shares changing hands. The stock had previously closed at $334.46.

Vanguard Health Care ETF Trading Up 1.9%

The business has a fifty day moving average of $321.45 and a 200 day moving average of $295.99. The company has a market capitalization of $20.60 billion, a PE ratio of 20.85 and a beta of 0.59.

Institutional Trading of Vanguard Health Care ETF

Several institutional investors and hedge funds have recently bought and sold shares of VHT. Bank of America Corp DE boosted its position in shares of Vanguard Health Care ETF by 6.4% in the first quarter. Bank of America Corp DE now owns 1,712,696 shares of the company’s stock valued at $466,419,000 after acquiring an additional 103,206 shares during the period. Everett Harris & Co. CA grew its holdings in shares of Vanguard Health Care ETF by 0.6% during the third quarter. Everett Harris & Co. CA now owns 737,669 shares of the company’s stock valued at $233,162,000 after buying an additional 4,069 shares during the last quarter. Allied Investment Advisors LLC increased its holdings in Vanguard Health Care ETF by 5.4% in the 2nd quarter. Allied Investment Advisors LLC now owns 180,940 shares of the company’s stock worth $54,103,000 after buying an additional 9,234 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Vanguard Health Care ETF by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 138,608 shares of the company’s stock valued at $41,445,000 after purchasing an additional 2,025 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in Vanguard Health Care ETF by 49.3% during the second quarter. Ameritas Advisory Services LLC now owns 132,369 shares of the company’s stock valued at $39,580,000 after purchasing an additional 43,732 shares in the last quarter.

About Vanguard Health Care ETF

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).