Vanguard Financials ETF (NYSEARCA:VFH) Position Reduced by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its position in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 18.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,274 shares of the company’s stock after selling 500 shares during the period. DAVENPORT & Co LLC’s holdings in Vanguard Financials ETF were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Vanguard Financials ETF by 1,940.5% in the first quarter. Blue Trust Inc. now owns 857 shares of the company’s stock valued at $102,000 after buying an additional 815 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Vanguard Financials ETF by 30.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,521 shares of the company’s stock valued at $12,368,000 after buying an additional 24,425 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Vanguard Financials ETF by 11,847.1% in the first quarter. GAMMA Investing LLC now owns 59,138 shares of the company’s stock valued at $7,065,000 after buying an additional 58,643 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vanguard Financials ETF by 12.1% in the fourth quarter. Bank of New York Mellon Corp now owns 13,354 shares of the company’s stock valued at $1,577,000 after buying an additional 1,444 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Vanguard Financials ETF in the fourth quarter valued at $225,000. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

NYSEARCA VFH opened at $127.42 on Wednesday. The stock has a market capitalization of $12.53 billion, a P/E ratio of 17.56 and a beta of 1.09. Vanguard Financials ETF has a 1 year low of $98.47 and a 1 year high of $129.82. The business’s fifty day moving average is $123.10 and its two-hundred day moving average is $120.59.

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).