Bank of America Corp DE Reduces Stock Position in Vanguard Financials ETF $VFH

Bank of America Corp DE decreased its position in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,910,811 shares of the company’s stock after selling 81,976 shares during the quarter. Bank of America Corp DE owned 23.31% of Vanguard Financials ETF worth $2,916,546,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. PGIM Custom Harvest LLC raised its holdings in Vanguard Financials ETF by 13.2% during the second quarter. PGIM Custom Harvest LLC now owns 1,376,276 shares of the company’s stock worth $175,200,000 after purchasing an additional 160,299 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Vanguard Financials ETF by 0.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,080,487 shares of the company’s stock worth $137,546,000 after buying an additional 2,837 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Vanguard Financials ETF during the 2nd quarter worth $116,303,000. Ameriprise Financial Inc. boosted its position in shares of Vanguard Financials ETF by 24.7% in the 1st quarter. Ameriprise Financial Inc. now owns 863,486 shares of the company’s stock worth $103,184,000 after buying an additional 171,219 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Vanguard Financials ETF by 0.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 422,344 shares of the company’s stock valued at $53,764,000 after acquiring an additional 3,347 shares during the last quarter. 61.65% of the stock is owned by hedge funds and other institutional investors.

Vanguard Financials ETF Trading Up 0.0%

NYSEARCA:VFH opened at $134.39 on Friday. The company has a market capitalization of $13.46 billion, a P/E ratio of 17.56 and a beta of 1.02. The firm has a 50-day moving average price of $128.77 and a two-hundred day moving average price of $128.22. Vanguard Financials ETF has a twelve month low of $100.87 and a twelve month high of $135.18.

Vanguard Financials ETF Company 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).