Searcy Financial Services Inc. ADV Takes $13.13 Million Position in Vanguard Financials ETF (NYSEARCA:VFH)

Searcy Financial Services Inc. ADV purchased a new stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 109,871 shares of the company’s stock, valued at approximately $13,126,000. Vanguard Financials ETF makes up 5.7% of Searcy Financial Services Inc. ADV’s portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of VFH. Janney Montgomery Scott LLC increased its position in shares of Vanguard Financials ETF by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 134,514 shares of the company’s stock worth $16,070,000 after purchasing an additional 11,058 shares during the last quarter. Mission Wealth Management LP increased its position in shares of Vanguard Financials ETF by 4.1% in the first quarter. Mission Wealth Management LP now owns 10,282 shares of the company’s stock worth $1,228,000 after purchasing an additional 409 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of Vanguard Financials ETF by 53.6% in the first quarter. Hanson & Doremus Investment Management now owns 808 shares of the company’s stock worth $97,000 after purchasing an additional 282 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Vanguard Financials ETF by 30.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,521 shares of the company’s stock worth $12,368,000 after purchasing an additional 24,425 shares during the last quarter. Finally, Marmo Financial Group LLC increased its position in shares of Vanguard Financials ETF by 219.3% in the first quarter. Marmo Financial Group LLC now owns 93,039 shares of the company’s stock worth $11,115,000 after purchasing an additional 63,898 shares during the last quarter.

Vanguard Financials ETF Trading Up 1.2%

VFH stock opened at $122.42 on Tuesday. The company’s 50 day moving average is $118.98 and its 200 day moving average is $120.14. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 16.90 and a beta of 1.03. Vanguard Financials ETF has a 1-year low of $98.05 and a 1-year high of $127.67.

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).