Envestnet Asset Management Inc. Cuts Stock Position in Vanguard Financials ETF $VFH

Envestnet Asset Management Inc. reduced its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 15.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 611,418 shares of the company’s stock after selling 112,425 shares during the period. Envestnet Asset Management Inc.’s holdings in Vanguard Financials ETF were worth $80,242,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC grew its position in shares of Vanguard Financials ETF by 124.9% during the first quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock worth $1,116,000 after buying an additional 5,190 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Vanguard Financials ETF by 10.5% during the 1st quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock worth $934,000 after buying an additional 743 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Vanguard Financials ETF by 162.2% during the second quarter. DAVENPORT & Co LLC now owns 5,963 shares of the company’s stock worth $759,000 after purchasing an additional 3,689 shares in the last quarter. US Bancorp DE grew its stake in Vanguard Financials ETF by 29.7% during the 2nd quarter. US Bancorp DE now owns 8,089 shares of the company’s stock worth $1,030,000 after buying an additional 1,850 shares during the last quarter. Finally, Blair William & Co. IL increased its position in Vanguard Financials ETF by 68.6% during the second quarter. Blair William & Co. IL now owns 17,497 shares of the company’s stock worth $2,227,000 after buying an additional 7,119 shares during the period. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Trading Up 1.9%

Shares of NYSEARCA VFH opened at $133.03 on Monday. The stock has a market cap of $13.35 billion, a P/E ratio of 17.56 and a beta of 1.02. The stock has a 50 day moving average of $132.98 and a two-hundred day moving average of $130.53. Vanguard Financials ETF has a twelve month low of $100.87 and a twelve month high of $137.89.

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).