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

Richmond Brothers Inc. decreased its position in Vanguard Financials ETF (NYSEARCA:VFH) by 8.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 51,883 shares of the company’s stock after selling 4,632 shares during the period. Vanguard Financials ETF comprises 4.4% of Richmond Brothers Inc.’s portfolio, making the stock its 5th biggest position. Richmond Brothers Inc.’s holdings in Vanguard Financials ETF were worth $6,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Jessup Wealth Management Inc bought a new stake in Vanguard Financials ETF in the 4th quarter valued at approximately $27,000. Proathlete Wealth Management LLC lifted its stake in Vanguard Financials ETF by 2,775.0% in the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares in the last quarter. Core Wealth Advisors LLC bought a new stake in Vanguard Financials ETF in the 4th quarter valued at approximately $48,000. Hazlett Burt & Watson Inc. lifted its stake in Vanguard Financials ETF by 214.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 446 shares of the company’s stock valued at $60,000 after acquiring an additional 304 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Vanguard Financials ETF by 82.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 459 shares of the company’s stock valued at $60,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

NYSEARCA VFH opened at $129.24 on Friday. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. The stock’s 50 day moving average price is $126.47 and its two-hundred day moving average price is $128.17. Vanguard Financials ETF has a 52 week low of $116.67 and a 52 week 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).