Vanguard Financials ETF $VFH Stock Sold by Welch Group LLC

Welch Group LLC reduced its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 66.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,631 shares of the company’s stock after selling 7,104 shares during the period. Welch Group LLC’s holdings in Vanguard Financials ETF were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Vanguard Financials ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 23,948,132 shares of the company’s stock worth $2,893,174,000 after acquiring an additional 379,485 shares during the last quarter. Royal Bank of Canada grew its position in shares of Vanguard Financials ETF by 9.4% in the first quarter. Royal Bank of Canada now owns 579,925 shares of the company’s stock valued at $70,061,000 after purchasing an additional 49,666 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Vanguard Financials ETF by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 485,154 shares of the company’s stock valued at $63,846,000 after purchasing an additional 34,350 shares during the last quarter. Lido Advisors LLC grew its position in shares of Vanguard Financials ETF by 3.9% in the first quarter. Lido Advisors LLC now owns 333,523 shares of the company’s stock valued at $40,293,000 after purchasing an additional 12,658 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Vanguard Financials ETF by 1.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 224,954 shares of the company’s stock worth $29,323,000 after purchasing an additional 3,949 shares in the last quarter. Institutional investors and hedge funds own 61.65% of the company’s stock.

Vanguard Financials ETF Price Performance

Shares of VFH opened at $139.82 on Tuesday. Vanguard Financials ETF has a 1-year low of $116.67 and a 1-year high of $143.20. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 17.56 and a beta of 0.91. The firm has a 50 day simple moving average of $136.34 and a 200-day simple moving average of $131.57.

Vanguard Financials ETF Profile

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). This GICS 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 (including real estate investment trusts).