Ipsen Advisor Group LLC Buys New Stake in Vanguard Financials ETF (NYSEARCA:VFH)

Ipsen Advisor Group LLC purchased a new stake in Vanguard Financials ETF (NYSEARCA:VFH) in the 4th quarter, HoldingsChannel reports. The fund purchased 9,966 shares of the company’s stock, valued at approximately $1,177,000. Vanguard Financials ETF accounts for approximately 1.0% of Ipsen Advisor Group LLC’s holdings, making the stock its 25th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in VFH. Raymond James Financial Inc. purchased a new position in shares of Vanguard Financials ETF in the fourth quarter valued at $130,549,000. Synovus Financial Corp lifted its holdings in Vanguard Financials ETF by 97.8% in the 3rd quarter. Synovus Financial Corp now owns 443,222 shares of the company’s stock worth $48,714,000 after buying an additional 219,120 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Vanguard Financials ETF by 2,906.6% in the 4th quarter. Wealthfront Advisers LLC now owns 218,700 shares of the company’s stock valued at $25,822,000 after buying an additional 211,426 shares during the last quarter. Advisors Preferred LLC grew its stake in shares of Vanguard Financials ETF by 48.0% during the fourth quarter. Advisors Preferred LLC now owns 446,507 shares of the company’s stock valued at $52,612,000 after acquiring an additional 144,912 shares in the last quarter. Finally, EWG Elevate Inc. purchased a new stake in shares of Vanguard Financials ETF during the fourth quarter worth about $12,919,000.

Vanguard Financials ETF Stock Performance

Shares of VFH opened at $121.44 on Wednesday. Vanguard Financials ETF has a one year low of $95.67 and a one year high of $127.67. The stock has a 50-day moving average price of $122.78 and a 200 day moving average price of $118.87. The company has a market capitalization of $12.13 billion, a P/E ratio of 15.58 and a beta of 1.10.

Vanguard Financials ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.5106 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is an increase from Vanguard Financials ETF’s previous dividend of $0.46.

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).