Vanguard Financials ETF (NYSEARCA:VFH) Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC raised its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,288 shares of the company’s stock after acquiring an additional 111 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Financials ETF were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Vanguard Financials ETF during the 4th quarter valued at about $130,549,000. Synovus Financial Corp grew its holdings in shares of Vanguard Financials ETF by 97.8% in the third quarter. Synovus Financial Corp now owns 443,222 shares of the company’s stock valued at $48,714,000 after purchasing an additional 219,120 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Vanguard Financials ETF by 2,906.6% during the 4th quarter. Wealthfront Advisers LLC now owns 218,700 shares of the company’s stock worth $25,822,000 after buying an additional 211,426 shares during the period. Advisors Preferred LLC lifted its holdings in Vanguard Financials ETF by 48.0% during the 4th quarter. Advisors Preferred LLC now owns 446,507 shares of the company’s stock worth $52,612,000 after buying an additional 144,912 shares in the last quarter. Finally, EWG Elevate Inc. acquired a new stake in Vanguard Financials ETF during the 4th quarter worth approximately $12,919,000.

Vanguard Financials ETF Stock Down 0.3 %

NYSEARCA:VFH opened at $120.51 on Friday. Vanguard Financials ETF has a 52 week low of $95.67 and a 52 week high of $127.67. The company has a fifty day simple moving average of $122.75 and a two-hundred day simple moving average of $118.89. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 15.58 and a beta of 1.10.

Vanguard Financials ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $0.5106 dividend. This is a positive change from Vanguard Financials ETF’s previous dividend of $0.46. The ex-dividend date was Tuesday, March 25th.

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).