Founders Grove Wealth Partners LLC Has $7.54 Million Holdings in Vanguard Financials ETF $VFH

Founders Grove Wealth Partners LLC boosted its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 0.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 59,265 shares of the company’s stock after purchasing an additional 270 shares during the quarter. Vanguard Financials ETF makes up about 1.9% of Founders Grove Wealth Partners LLC’s portfolio, making the stock its 16th largest position. Founders Grove Wealth Partners LLC’s holdings in Vanguard Financials ETF were worth $7,544,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new position in Vanguard Financials ETF during the 1st quarter worth about $29,000. Briaud Financial Planning Inc bought a new position in Vanguard Financials ETF during the first quarter worth $34,000. American National Bank & Trust bought a new stake in Vanguard Financials ETF in the second quarter valued at $37,000. Grove Bank & Trust bought a new stake in Vanguard Financials ETF during the 2nd quarter worth approximately $38,000. Finally, Banque Transatlantique SA bought a new stake in Vanguard Financials ETF in the 1st quarter worth about $39,000. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Trading Up 1.0%

VFH stock opened at $128.19 on Tuesday. Vanguard Financials ETF has a 12 month low of $100.87 and a 12 month high of $133.85. The firm has a market capitalization of $12.84 billion, a P/E ratio of 17.56 and a beta of 1.09. The firm has a 50 day moving average of $130.22 and a 200-day moving average of $124.48.

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).