Kathmere Capital Management LLC Makes New $569,000 Investment in Vanguard Financials ETF $VFH

Kathmere Capital Management LLC bought a new position in Vanguard Financials ETF (NYSEARCA:VFH) during the first quarter, Holdings Channel.com reports. The firm bought 4,706 shares of the company’s stock, valued at approximately $569,000.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Vanguard Financials ETF by 0.6% during the fourth quarter. Bank of America Corp DE now owns 23,568,647 shares of the company’s stock worth $3,146,179,000 after acquiring an additional 131,154 shares during the period. Morgan Stanley grew its stake in Vanguard Financials ETF by 1.0% in the 4th quarter. Morgan Stanley now owns 3,604,287 shares of the company’s stock valued at $481,137,000 after purchasing an additional 35,705 shares during the period. Wells Fargo & Company MN increased its position in shares of Vanguard Financials ETF by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,811,174 shares of the company’s stock valued at $241,774,000 after purchasing an additional 27,036 shares during the last quarter. PGIM Custom Harvest LLC raised its stake in shares of Vanguard Financials ETF by 2.9% during the 3rd quarter. PGIM Custom Harvest LLC now owns 1,416,698 shares of the company’s stock worth $185,927,000 after purchasing an additional 40,422 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Vanguard Financials ETF by 6.4% during the 4th quarter. Raymond James Financial Inc. now owns 1,236,644 shares of the company’s stock worth $165,080,000 after purchasing an additional 73,925 shares during the period. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Stock Performance

VFH opened at $137.15 on Wednesday. The firm has a market cap of $13.34 billion, a P/E ratio of 17.56 and a beta of 0.90. The firm has a 50-day moving average of $129.09 and a 200 day moving average of $128.43. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $138.50.

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).