NYSE:VFH) traded at a new 52-week high, Tuesday the 15th of Feb., of $35.11. Approximately 63,000 shares have traded hands today vs. average 30-day volume of 217,000 shares.
Vanguard Financials ETF is currently trading at $35.08, approximately 5.3% above its 50-day moving average of $33.30. SmarTrend will be monitoring shares of VFH to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 0.78% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Vanguard Financials ETF have traded between a low of $13.02 and a high of $35.07 and are now at $35.08, which is 169% above that low price.
The investment seeks to track the performance of a benchmark index that measures the investment return of financial stocks. The fund employs a passive management investment approach designed to track the performance of the MSCI U.S. Investable Market Financials 25/50 index. This index consists of stocks of U.S. companies within the financial sector. This sector is made up of companies involved in activities such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate. It is non-diversified.
Disclosure I am Long VFH shares.
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