Cornerstone Wealth Management LLC Acquires 8,878 Shares of Vanguard Financials ETF $VFH

Cornerstone Wealth Management LLC increased its position in Vanguard Financials ETF (NYSEARCA:VFH) by 102.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,532 shares of the company’s stock after buying an additional 8,878 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Financials ETF were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proathlete Wealth Management LLC lifted its position in Vanguard Financials ETF by 2,775.0% in the fourth quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares during the period. First Horizon Corp bought a new position in Vanguard Financials ETF in the third quarter worth $37,000. Russell Investments Group Ltd. lifted its position in Vanguard Financials ETF by 82.1% in the third quarter. Russell Investments Group Ltd. now owns 459 shares of the company’s stock worth $60,000 after purchasing an additional 207 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Vanguard Financials ETF in the third quarter worth $75,000. Finally, BNP Paribas Financial Markets lifted its position in Vanguard Financials ETF by 468.6% in the third quarter. BNP Paribas Financial Markets now owns 671 shares of the company’s stock worth $88,000 after purchasing an additional 553 shares during the period. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Price Performance

Shares of VFH stock opened at $125.29 on Friday. The stock has a market cap of $12.74 billion, a P/E ratio of 17.56 and a beta of 0.92. Vanguard Financials ETF has a one year low of $116.67 and a one year high of $137.89. The stock has a fifty day moving average price of $124.01 and a 200 day moving average price of $128.24.

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).