TIAA Trust National Association Cuts Stake in Vanguard Financials ETF (NYSEARCA:VFH)

TIAA Trust National Association lessened its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,892 shares of the company’s stock after selling 911 shares during the period. TIAA Trust National Association’s holdings in Vanguard Financials ETF were worth $932,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Vanguard Financials ETF by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 924,677 shares of the company’s stock valued at $101,631,000 after buying an additional 41,153 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Vanguard Financials ETF in the 4th quarter valued at about $209,000. PNC Financial Services Group Inc. lifted its holdings in Vanguard Financials ETF by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 237,861 shares of the company’s stock valued at $28,084,000 after purchasing an additional 7,186 shares during the last quarter. Empowered Funds LLC bought a new position in Vanguard Financials ETF during the fourth quarter worth about $154,000. Finally, Keybank National Association OH increased its stake in shares of Vanguard Financials ETF by 35.5% in the fourth quarter. Keybank National Association OH now owns 4,121 shares of the company’s stock worth $487,000 after purchasing an additional 1,079 shares in the last quarter.

Vanguard Financials ETF Stock Down 0.3 %

NYSEARCA VFH opened at $120.51 on Friday. The firm has a market cap of $12.04 billion, a P/E ratio of 15.58 and a beta of 1.10. The company’s 50 day moving average is $122.75 and its 200-day moving average is $118.89. Vanguard Financials ETF has a 12-month low of $95.67 and a 12-month high of $127.67.

Vanguard Financials ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.5106 per share. This is a boost from Vanguard Financials ETF’s previous dividend of $0.46. The ex-dividend date was Tuesday, March 25th.

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).