JM2 Capital Inc. Makes New Investment in Vanguard Financials ETF $VFH

JM2 Capital Inc. purchased a new position in shares of Vanguard Financials ETF (NYSEARCA:VFH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,595 shares of the company’s stock, valued at approximately $1,948,000. Vanguard Financials ETF accounts for approximately 1.6% of JM2 Capital Inc.’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also made changes to their positions in the company. Calder Financial LLC purchased a new position in shares of Vanguard Financials ETF in the 4th quarter valued at about $607,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Vanguard Financials ETF by 21.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 21,683 shares of the company’s stock worth $2,895,000 after buying an additional 3,850 shares in the last quarter. Axiom Financial Strategies LLC grew its position in Vanguard Financials ETF by 2.5% during the fourth quarter. Axiom Financial Strategies LLC now owns 28,817 shares of the company’s stock worth $3,847,000 after buying an additional 715 shares during the period. Clear Creek Financial Management LLC grew its position in Vanguard Financials ETF by 17.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 39,434 shares of the company’s stock worth $5,264,000 after buying an additional 5,943 shares during the period. Finally, Carnegie Investment Counsel increased its holdings in Vanguard Financials ETF by 9.1% in the fourth quarter. Carnegie Investment Counsel now owns 1,904 shares of the company’s stock valued at $254,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Trading Up 1.7%

VFH stock opened at $126.68 on Tuesday. The firm has a 50 day moving average of $124.44 and a 200-day moving average of $128.56. Vanguard Financials ETF has a 12-month low of $107.98 and a 12-month high of $137.89. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 17.56 and a beta of 0.96.

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). 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).