Bank of America Corp DE Increases Stock Holdings in Vanguard Financials ETF $VFH

Bank of America Corp DE raised its position in Vanguard Financials ETF (NYSEARCA:VFH) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 23,948,132 shares of the company’s stock after acquiring an additional 379,485 shares during the quarter. Bank of America Corp DE owned about 0.24% of Vanguard Financials ETF worth $2,893,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of VFH. EverSource Wealth Advisors LLC boosted its stake in shares of Vanguard Financials ETF by 95.3% in the first quarter. EverSource Wealth Advisors LLC now owns 787 shares of the company’s stock valued at $95,000 after purchasing an additional 384 shares during the period. Royal Bank of Canada increased its stake in Vanguard Financials ETF by 9.4% during the 1st quarter. Royal Bank of Canada now owns 579,925 shares of the company’s stock worth $70,061,000 after buying an additional 49,666 shares during the period. Quantinno Capital Management LP increased its stake in Vanguard Financials ETF by 44.9% during the 1st quarter. Quantinno Capital Management LP now owns 49,427 shares of the company’s stock worth $5,971,000 after buying an additional 15,314 shares during the period. Gateway Wealth Partners LLC acquired a new stake in Vanguard Financials ETF during the 1st quarter worth approximately $360,000. Finally, Waverly Advisors LLC lifted its holdings in Vanguard Financials ETF by 1.9% during the 1st quarter. Waverly Advisors LLC now owns 29,655 shares of the company’s stock worth $3,583,000 after buying an additional 558 shares in the last quarter. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Stock Down 1.6%

Shares of VFH stock opened at $138.70 on Thursday. Vanguard Financials ETF has a 52 week low of $116.67 and a 52 week high of $140.97. The stock has a market capitalization of $13.43 billion, a PE ratio of 17.56 and a beta of 0.90. The firm has a 50 day moving average of $132.63 and a two-hundred day moving average of $128.72.

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). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).