Vanguard Financials ETF (NYSEARCA:VFH) Shares Purchased by Richmond Brothers Inc.

Richmond Brothers Inc. raised its position in Vanguard Financials ETF (NYSEARCA:VFH) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 67,031 shares of the company’s stock after acquiring an additional 3,290 shares during the period. Vanguard Financials ETF makes up about 5.1% of Richmond Brothers Inc.’s holdings, making the stock its 5th largest position. Richmond Brothers Inc. owned 0.07% of Vanguard Financials ETF worth $7,914,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Vanguard Financials ETF by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 924,677 shares of the company’s stock valued at $101,631,000 after acquiring an additional 41,153 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Vanguard Financials ETF during the fourth quarter valued at approximately $209,000. Prospera Financial Services Inc boosted its position in shares of Vanguard Financials ETF by 7.2% during the third quarter. Prospera Financial Services Inc now owns 6,488 shares of the company’s stock valued at $713,000 after buying an additional 437 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Vanguard Financials ETF by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 237,861 shares of the company’s stock valued at $28,084,000 after buying an additional 7,186 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Vanguard Financials ETF by 190.7% during the third quarter. Avior Wealth Management LLC now owns 1,930 shares of the company’s stock valued at $212,000 after buying an additional 1,266 shares during the last quarter.

Vanguard Financials ETF Stock Down 0.2 %

Shares of NYSEARCA:VFH opened at $117.96 on Wednesday. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 15.58 and a beta of 1.10. Vanguard Financials ETF has a 12-month low of $95.67 and a 12-month high of $127.67. The business’s 50 day moving average is $122.50 and its 200 day moving average is $118.48.

Vanguard Financials ETF Company 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).