Sequoia Financial Advisors LLC Sells 13,492 Shares of Vanguard U.S. Minimum Volatility ETF $VFMV

Sequoia Financial Advisors LLC lessened its holdings in Vanguard U.S. Minimum Volatility ETF (BATS:VFMV) by 27.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 34,945 shares of the company’s stock after selling 13,492 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard U.S. Minimum Volatility ETF were worth $4,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harbour Investments Inc. boosted its stake in Vanguard U.S. Minimum Volatility ETF by 17.4% during the fourth quarter. Harbour Investments Inc. now owns 566 shares of the company’s stock valued at $74,000 after buying an additional 84 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard U.S. Minimum Volatility ETF by 50.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 413 shares of the company’s stock worth $54,000 after acquiring an additional 139 shares during the last quarter. Osaic Holdings Inc. increased its stake in Vanguard U.S. Minimum Volatility ETF by 2.1% in the 4th quarter. Osaic Holdings Inc. now owns 9,384 shares of the company’s stock worth $1,223,000 after acquiring an additional 190 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Vanguard U.S. Minimum Volatility ETF by 9.4% in the 2nd quarter. Raymond James Financial Inc. now owns 2,853 shares of the company’s stock valued at $366,000 after acquiring an additional 245 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Vanguard U.S. Minimum Volatility ETF by 11.1% in the 4th quarter. Bank of Montreal Can now owns 3,391 shares of the company’s stock valued at $442,000 after acquiring an additional 340 shares in the last quarter.

Vanguard U.S. Minimum Volatility ETF Trading Up 1.0%

Shares of VFMV opened at $144.28 on Friday. The company has a market cap of $323.19 million, a PE ratio of 20.97 and a beta of 0.69. The stock has a 50-day moving average price of $144.26 and a 200-day moving average price of $140.35. Vanguard U.S. Minimum Volatility ETF has a 12-month low of $127.32 and a 12-month high of $147.18.

Vanguard U.S. Minimum Volatility ETF Profile

The Vanguard U.S. Minimum Volatility ETF (VFMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility index. The fund seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. VFMV was launched on Feb 13, 2018 and is managed by Vanguard.