UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 46,340 Shares of Vanguard Financials ETF $VFH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 72.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,706 shares of the company’s stock after selling 46,340 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vanguard Financials ETF were worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp increased its position in Vanguard Financials ETF by 4.7% during the 4th quarter. Money Concepts Capital Corp now owns 1,740 shares of the company’s stock worth $232,000 after buying an additional 78 shares during the period. Harbor Asset Planning Inc. boosted its position in shares of Vanguard Financials ETF by 10.8% in the first quarter. Harbor Asset Planning Inc. now owns 853 shares of the company’s stock valued at $103,000 after acquiring an additional 83 shares during the period. RCW Management LLC grew its stake in shares of Vanguard Financials ETF by 0.3% in the second quarter. RCW Management LLC now owns 28,309 shares of the company’s stock valued at $3,726,000 after acquiring an additional 87 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Vanguard Financials ETF by 19.8% in the fourth quarter. Russell Investments Group Ltd. now owns 550 shares of the company’s stock valued at $73,000 after acquiring an additional 91 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Vanguard Financials ETF by 7.7% during the second quarter. IFP Advisors Inc now owns 1,366 shares of the company’s stock worth $180,000 after acquiring an additional 98 shares during the period. 61.65% of the stock is currently owned by institutional investors.

Vanguard Financials ETF Stock Performance

NYSEARCA:VFH opened at $139.68 on Friday. Vanguard Financials ETF has a 52 week low of $116.67 and a 52 week high of $143.20. The firm’s 50-day simple moving average is $139.85 and its 200 day simple moving average is $131.00. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 17.56 and a beta of 0.89.

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).