Assetmark Inc. Trims Stake in Vanguard Financials ETF $VFH

Assetmark Inc. cut its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 73.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,460 shares of the company’s stock after selling 55,603 shares during the quarter. Assetmark Inc.’s holdings in Vanguard Financials ETF were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VFH. Jane Street Group LLC increased its position in shares of Vanguard Financials ETF by 124.9% during the first quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock valued at $1,116,000 after acquiring an additional 5,190 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Vanguard Financials ETF by 10.5% in the first quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after purchasing an additional 743 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Vanguard Financials ETF during the 2nd quarter worth approximately $203,000. Mutual Advisors LLC purchased a new position in Vanguard Financials ETF in the 2nd quarter valued at approximately $268,000. Finally, D.A. Davidson & CO. grew its stake in shares of Vanguard Financials ETF by 5.7% in the second quarter. D.A. Davidson & CO. now owns 20,187 shares of the company’s stock worth $2,570,000 after acquiring an additional 1,084 shares in the last quarter. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Trading Up 0.7%

Vanguard Financials ETF stock opened at $128.92 on Thursday. The firm has a market capitalization of $12.94 billion, a P/E ratio of 17.56 and a beta of 1.02. Vanguard Financials ETF has a twelve month low of $100.87 and a twelve month high of $137.89. The stock’s fifty day simple moving average is $132.71 and its 200-day simple moving average is $130.53.

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). 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).