Vanguard Industrials ETF (NYSEARCA:VIS) Hits New 1-Year High – Here’s Why

Vanguard Industrials ETF (NYSEARCA:VIS)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $263.54 and last traded at $263.54, with a volume of 4868 shares. The stock had previously closed at $260.32.

Vanguard Industrials ETF Trading Up 1.9 %

The stock has a market capitalization of $5.78 billion, a PE ratio of 24.56 and a beta of 0.99. The firm’s 50-day simple moving average is $249.88 and its two-hundred day simple moving average is $242.81.

Hedge Funds Weigh In On Vanguard Industrials ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Vanguard Industrials ETF during the 2nd quarter worth approximately $32,000. Optimum Investment Advisors boosted its stake in shares of Vanguard Industrials ETF by 51.5% during the 1st quarter. Optimum Investment Advisors now owns 147 shares of the company’s stock valued at $36,000 after buying an additional 50 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in shares of Vanguard Industrials ETF during the 1st quarter valued at $37,000. International Assets Investment Management LLC acquired a new stake in shares of Vanguard Industrials ETF during the 2nd quarter valued at $40,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Vanguard Industrials ETF during the 4th quarter valued at $42,000.

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).