Richmond Brothers Inc. Cuts Holdings in Vanguard Financials ETF $VFH

Richmond Brothers Inc. trimmed its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,714 shares of the company’s stock after selling 10,820 shares during the period. Vanguard Financials ETF accounts for about 4.8% of Richmond Brothers Inc.’s investment portfolio, making the stock its 6th biggest holding. Richmond Brothers Inc. owned about 0.06% of Vanguard Financials ETF worth $7,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VFH. Briaud Financial Planning Inc purchased a new stake in shares of Vanguard Financials ETF in the 1st quarter worth about $34,000. American National Bank & Trust purchased a new stake in Vanguard Financials ETF in the second quarter worth about $37,000. Grove Bank & Trust bought a new position in shares of Vanguard Financials ETF during the second quarter valued at approximately $38,000. Banque Transatlantique SA bought a new position in shares of Vanguard Financials ETF during the first quarter valued at approximately $39,000. Finally, Maseco LLP purchased a new position in shares of Vanguard Financials ETF during the second quarter valued at approximately $47,000. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Up 0.9%

Vanguard Financials ETF stock opened at $130.84 on Thursday. Vanguard Financials ETF has a twelve month low of $100.87 and a twelve month high of $133.85. The company has a market capitalization of $13.11 billion, a P/E ratio of 17.56 and a beta of 1.02. The stock’s 50 day moving average is $129.80 and its 200 day moving average is $126.97.

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).