SouthState Corp Purchases 1,830 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

SouthState Corp boosted its position in Vanguard Financials ETF (NYSEARCA:VFH) by 183.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,830 shares of the company’s stock after purchasing an additional 1,830 shares during the quarter. SouthState Corp’s holdings in Vanguard Financials ETF were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Financials ETF by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,038,465 shares of the company’s stock worth $124,065,000 after acquiring an additional 11,970 shares during the last quarter. LPL Financial LLC grew its stake in shares of Vanguard Financials ETF by 3.7% in the first quarter. LPL Financial LLC now owns 785,932 shares of the company’s stock worth $93,895,000 after acquiring an additional 27,677 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Vanguard Financials ETF by 16.4% in the fourth quarter. Ameriprise Financial Inc. now owns 692,267 shares of the company’s stock worth $81,667,000 after acquiring an additional 97,667 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Vanguard Financials ETF by 13.8% in the first quarter. Cetera Investment Advisers now owns 468,599 shares of the company’s stock worth $55,984,000 after acquiring an additional 56,762 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Vanguard Financials ETF by 3.8% in the fourth quarter. Stifel Financial Corp now owns 449,443 shares of the company’s stock worth $53,067,000 after acquiring an additional 16,373 shares during the last quarter. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Trading Down 0.0%

NYSEARCA VFH opened at $126.64 on Tuesday. Vanguard Financials ETF has a 12 month low of $100.87 and a 12 month high of $130.43. The stock has a market cap of $12.45 billion, a P/E ratio of 17.56 and a beta of 1.09. The stock’s fifty day moving average price is $126.20 and its 200-day moving average price is $121.93.

Vanguard Financials ETF 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).