Institute for Wealth Management LLC. Has $1.42 Million Stock Position in Vanguard Financials ETF (NYSEARCA:VFH)

Institute for Wealth Management LLC. lessened its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,988 shares of the company’s stock after selling 386 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Financials ETF were worth $1,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. grew its position in shares of Vanguard Financials ETF by 45.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock valued at $32,000 after acquiring an additional 90 shares during the period. Kovack Advisors Inc. grew its holdings in Vanguard Financials ETF by 2.7% during the third quarter. Kovack Advisors Inc. now owns 3,511 shares of the company’s stock worth $386,000 after purchasing an additional 93 shares during the period. Private Wealth Advisors LLC increased its position in Vanguard Financials ETF by 0.9% during the third quarter. Private Wealth Advisors LLC now owns 11,953 shares of the company’s stock worth $1,305,000 after buying an additional 103 shares during the last quarter. Magnus Financial Group LLC raised its stake in Vanguard Financials ETF by 0.9% in the third quarter. Magnus Financial Group LLC now owns 11,506 shares of the company’s stock valued at $1,265,000 after buying an additional 104 shares during the period. Finally, Lewis Asset Management LLC lifted its position in shares of Vanguard Financials ETF by 2.2% in the fourth quarter. Lewis Asset Management LLC now owns 4,871 shares of the company’s stock valued at $575,000 after buying an additional 105 shares during the last quarter.

Vanguard Financials ETF Price Performance

VFH stock opened at $126.69 on Friday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96. The company has a fifty day moving average price of $121.54 and a two-hundred day moving average price of $114.23. Vanguard Financials ETF has a one year low of $92.53 and a one year high of $127.29.

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).