Richmond Brothers Inc. Cuts Stock Position in Vanguard Financials ETF $VFH

Richmond Brothers Inc. lessened its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,883 shares of the company’s stock after selling 4,632 shares during the period. Vanguard Financials ETF makes up 4.4% of Richmond Brothers Inc.’s portfolio, making the stock its 5th biggest position. Richmond Brothers Inc. owned approximately 0.05% of Vanguard Financials ETF worth $6,926,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VFH. Bank of America Corp DE lifted its holdings in shares of Vanguard Financials ETF by 2.3% during the 3rd quarter. Bank of America Corp DE now owns 23,437,493 shares of the company’s stock valued at $3,075,937,000 after purchasing an additional 526,682 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Vanguard Financials ETF by 60.3% during the 3rd quarter. Two Sigma Investments LP now owns 554,500 shares of the company’s stock valued at $72,773,000 after purchasing an additional 208,500 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Vanguard Financials ETF by 1,059.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 189,392 shares of the company’s stock valued at $24,856,000 after purchasing an additional 173,064 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Vanguard Financials ETF by 5,104.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 175,274 shares of the company’s stock valued at $23,397,000 after purchasing an additional 171,906 shares in the last quarter. Finally, Allianz SE lifted its holdings in shares of Vanguard Financials ETF by 297,313.0% during the 3rd quarter. Allianz SE now owns 136,810 shares of the company’s stock valued at $17,955,000 after purchasing an additional 136,764 shares in the last quarter. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Price Performance

NYSEARCA:VFH opened at $129.24 on Friday. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $137.89. The stock has a market capitalization of $13.14 billion, a PE ratio of 17.56 and a beta of 0.90. The business’s 50-day simple moving average is $126.47 and its 200-day simple moving average is $128.17.

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). 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).