Nova Wealth Management Inc. Buys 1,658 Shares of Vanguard Financials ETF $VFH

Nova Wealth Management Inc. increased its holdings in Vanguard Financials ETF (NYSEARCA:VFH) by 21.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,360 shares of the company’s stock after purchasing an additional 1,658 shares during the period. Vanguard Financials ETF accounts for 0.9% of Nova Wealth Management Inc.’s investment portfolio, making the stock its 27th largest holding. Nova Wealth Management Inc.’s holdings in Vanguard Financials ETF were worth $1,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VFH. Quantinno Capital Management LP boosted its holdings in Vanguard Financials ETF by 15.3% in the 4th quarter. Quantinno Capital Management LP now owns 11,132 shares of the company’s stock worth $1,314,000 after buying an additional 1,481 shares during the period. Snowden Capital Advisors LLC boosted its holdings in Vanguard Financials ETF by 0.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 23,842 shares of the company’s stock worth $2,815,000 after buying an additional 102 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in Vanguard Financials ETF by 2.5% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 76,183 shares of the company’s stock valued at $9,626,000 after purchasing an additional 1,854 shares during the period. Vivaldi Capital Management LP grew its position in shares of Vanguard Financials ETF by 17.3% during the 4th quarter. Vivaldi Capital Management LP now owns 7,152 shares of the company’s stock valued at $898,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. purchased a new position in shares of Vanguard Financials ETF during the 4th quarter valued at $428,000. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Price Performance

VFH opened at $131.66 on Friday. The company has a fifty day moving average price of $129.05 and a 200-day moving average price of $122.76. The firm has a market capitalization of $12.94 billion, a P/E ratio of 17.56 and a beta of 1.09. Vanguard Financials ETF has a one year low of $100.87 and a one year high of $132.75.

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).