Mission Wealth Management LP Raises Position in Vanguard Financials ETF $VFH

Mission Wealth Management LP grew its position in Vanguard Financials ETF (NYSEARCA:VFH) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,466 shares of the company’s stock after acquiring an additional 1,184 shares during the period. Mission Wealth Management LP’s holdings in Vanguard Financials ETF were worth $1,460,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. PGIM Custom Harvest LLC boosted its holdings in Vanguard Financials ETF by 2.7% in the 1st quarter. PGIM Custom Harvest LLC now owns 1,215,977 shares of the company’s stock valued at $145,273,000 after purchasing an additional 31,634 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Financials ETF by 1.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,038,465 shares of the company’s stock worth $124,065,000 after purchasing an additional 11,970 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Vanguard Financials ETF during the 2nd quarter worth $116,303,000. Ameriprise Financial Inc. boosted its position in shares of Vanguard Financials ETF by 24.7% during the 1st quarter. Ameriprise Financial Inc. now owns 863,486 shares of the company’s stock worth $103,184,000 after purchasing an additional 171,219 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Vanguard Financials ETF by 3.7% during the 1st quarter. LPL Financial LLC now owns 785,932 shares of the company’s stock worth $93,895,000 after purchasing an additional 27,677 shares in the last quarter. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

Shares of NYSEARCA VFH opened at $127.52 on Monday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 17.56 and a beta of 1.02. Vanguard Financials ETF has a one year low of $100.87 and a one year high of $133.85. The company’s fifty day moving average is $130.24 and its two-hundred day moving average is $126.19.

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).