HighTower Advisors LLC Trims Stake in Vanguard Financials ETF $VFH

HighTower Advisors LLC lessened its position in Vanguard Financials ETF (NYSEARCA:VFH) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,075 shares of the company’s stock after selling 4,324 shares during the quarter. HighTower Advisors LLC owned 0.13% of Vanguard Financials ETF worth $16,986,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jessup Wealth Management Inc bought a new position in Vanguard Financials ETF during the 4th quarter valued at about $27,000. Continuum Advisory LLC bought a new stake in Vanguard Financials ETF in the second quarter worth about $35,000. SHP Wealth Management purchased a new position in shares of Vanguard Financials ETF during the fourth quarter valued at approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Vanguard Financials ETF during the fourth quarter valued at approximately $39,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Vanguard Financials ETF during the first quarter valued at approximately $42,000. 61.65% of the stock is owned by hedge funds and other institutional investors.

Vanguard Financials ETF Stock Performance

VFH opened at $139.35 on Thursday. The stock’s 50 day moving average price is $139.72 and its 200-day moving average price is $130.87. Vanguard Financials ETF has a one year low of $116.67 and a one year high of $143.20. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 17.56 and a beta of 0.89.

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). 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).