Vanguard Industrials ETF (NYSEARCA:VIS) Hits New 52-Week High – Time to Buy?

Vanguard Industrials ETF (NYSEARCA:VIS) reached a new 52-week high during trading on Wednesday . The company traded as high as $272.79 and last traded at $272.12, with a volume of 22655 shares trading hands. The stock had previously closed at $262.91.

Vanguard Industrials ETF Stock Up 4.1 %

The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 24.56 and a beta of 0.99. The company’s 50-day simple moving average is $256.88 and its 200-day simple moving average is $245.61.

Institutional Investors Weigh In On Vanguard Industrials ETF

Several institutional investors and hedge funds have recently modified their holdings of VIS. Wulff Hansen & CO. raised its holdings in Vanguard Industrials ETF by 23,422.0% in the 2nd quarter. Wulff Hansen & CO. now owns 279,912 shares of the company’s stock worth $65,841,000 after acquiring an additional 278,722 shares during the period. Strategic Financial Concepts LLC acquired a new position in Vanguard Industrials ETF in the second quarter valued at about $30,527,000. Cetera Investment Advisers boosted its position in Vanguard Industrials ETF by 800.9% in the first quarter. Cetera Investment Advisers now owns 144,114 shares of the company’s stock valued at $35,186,000 after buying an additional 128,117 shares in the last quarter. Capital Advantage Inc. acquired a new position in Vanguard Industrials ETF in the second quarter valued at about $12,633,000. Finally, Harfst & Associates Inc. lifted its position in shares of Vanguard Industrials ETF by 727.2% during the second quarter. Harfst & Associates Inc. now owns 59,831 shares of the company’s stock worth $14,073,000 after purchasing an additional 52,598 shares in the last quarter.

About Vanguard Industrials ETF

Vanguard Industrials ETF (the Fund) seeks to track the investment performance of the MSCI US Investable Market Industrials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the industrials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by one of the following activities, the manufacture and distribution of capital goods (including aerospace and defense, construction, engineering and building products, electrical equipment, and industrial machinery); the provision of commercial services and supplies (including printing, employment, environmental, and office services); or the provision of transportation services (including airlines, couriers, marine, road and rail, and transportation infrastructure).