Royal Bank of Canada Lowers Stock Holdings in Vanguard Financials ETF (NYSEARCA:VFH)

Royal Bank of Canada lowered its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 526,304 shares of the company’s stock after selling 26,229 shares during the quarter. Royal Bank of Canada owned about 0.57% of Vanguard Financials ETF worth $62,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vanguard Financials ETF during the fourth quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in shares of Vanguard Financials ETF during the fourth quarter worth about $35,000. Russell Investments Group Ltd. boosted its holdings in Vanguard Financials ETF by 65.6% in the 4th quarter. Russell Investments Group Ltd. now owns 366 shares of the company’s stock valued at $43,000 after purchasing an additional 145 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Vanguard Financials ETF in the 4th quarter valued at approximately $45,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in Vanguard Financials ETF in the 4th quarter valued at approximately $46,000.

Vanguard Financials ETF Trading Down 0.5%

Shares of VFH opened at $124.03 on Wednesday. Vanguard Financials ETF has a twelve month low of $97.83 and a twelve month high of $127.67. The stock’s 50 day moving average is $116.56 and its two-hundred day moving average is $120.10. The firm has a market capitalization of $12.11 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).