Mpwm Advisory Solutions LLC Makes New Investment in Vanguard Financials ETF (NYSEARCA:VFH)

Mpwm Advisory Solutions LLC acquired a new stake in Vanguard Financials ETF (NYSEARCA:VFH) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,140 shares of the company’s stock, valued at approximately $135,000.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN grew its holdings in Vanguard Financials ETF by 15.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,582,629 shares of the company’s stock valued at $186,861,000 after buying an additional 216,103 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Financials ETF in the fourth quarter worth approximately $130,549,000. LPL Financial LLC grew its holdings in Vanguard Financials ETF by 15.0% in the fourth quarter. LPL Financial LLC now owns 758,255 shares of the company’s stock valued at $89,527,000 after purchasing an additional 99,117 shares during the period. Ameriprise Financial Inc. increased its position in Vanguard Financials ETF by 16.4% during the fourth quarter. Ameriprise Financial Inc. now owns 692,267 shares of the company’s stock worth $81,667,000 after purchasing an additional 97,667 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Vanguard Financials ETF by 3.8% during the fourth quarter. Stifel Financial Corp now owns 449,443 shares of the company’s stock worth $53,067,000 after purchasing an additional 16,373 shares during the period.

Vanguard Financials ETF Stock Up 0.0%

Shares of VFH opened at $124.70 on Tuesday. Vanguard Financials ETF has a fifty-two week low of $97.83 and a fifty-two week high of $127.67. The company’s fifty day moving average is $116.36 and its two-hundred day moving average is $120.08. The firm has a market cap of $12.17 billion, a PE ratio of 16.44 and a beta of 1.02.

About Vanguard Financials ETF

Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS).