PNC Financial Services Group Inc. Decreases Position in Vanguard Financials ETF $VFH

PNC Financial Services Group Inc. lessened its holdings in Vanguard Financials ETF (NYSEARCA:VFH) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,512 shares of the company’s stock after selling 15,898 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Financials ETF were worth $28,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC grew its position in Vanguard Financials ETF by 124.9% during the 1st quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock worth $1,116,000 after purchasing an additional 5,190 shares during the last quarter. Focus Partners Wealth increased its position in shares of Vanguard Financials ETF by 10.5% in the 1st quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after acquiring an additional 743 shares during the period. Ritholtz Wealth Management purchased a new position in Vanguard Financials ETF in the 2nd quarter worth $203,000. Mutual Advisors LLC purchased a new position in Vanguard Financials ETF in the 2nd quarter worth $268,000. Finally, Berkeley Capital Partners LLC acquired a new stake in Vanguard Financials ETF during the 2nd quarter worth about $3,755,000. Institutional investors and hedge funds own 61.65% of the company’s stock.

Vanguard Financials ETF Trading Up 0.9%

VFH opened at $127.99 on Wednesday. Vanguard Financials ETF has a 12-month low of $100.87 and a 12-month high of $137.89. The firm has a 50 day moving average of $132.78 and a two-hundred day moving average of $130.54. The firm has a market capitalization of $12.84 billion, a PE ratio of 17.56 and a beta of 1.02.

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).