Bank of America Corp DE raised its stake in Vanguard Financials ETF (NYSEARCA:VFH – Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,948,132 shares of the company’s stock after buying an additional 379,485 shares during the quarter. Bank of America Corp DE owned about 23.56% of Vanguard Financials ETF worth $2,893,174,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Financials ETF during the fourth quarter valued at about $27,000. Proathlete Wealth Management LLC lifted its holdings in shares of Vanguard Financials ETF by 2,775.0% in the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Vanguard Financials ETF in the 4th quarter worth approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Vanguard Financials ETF during the 4th quarter worth approximately $39,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Vanguard Financials ETF during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 61.65% of the company’s stock.
Vanguard Financials ETF Stock Performance
Vanguard Financials ETF stock opened at $138.70 on Thursday. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $140.97. The firm has a 50 day moving average price of $132.63 and a 200 day moving average price of $128.72. The company has a market capitalization of $13.43 billion, a PE ratio of 17.56 and a beta of 0.90.
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). 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).
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