Richmond Brothers Inc. Grows Stock Position in Vanguard Financials ETF (NYSEARCA:VFH)

Richmond Brothers Inc. lifted its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,031 shares of the company’s stock after purchasing an additional 3,290 shares during the quarter. Vanguard Financials ETF accounts for about 5.1% of Richmond Brothers Inc.’s holdings, making the stock its 5th largest position. Richmond Brothers Inc.’s holdings in Vanguard Financials ETF were worth $7,914,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA purchased a new position in Vanguard Financials ETF during the fourth quarter worth about $26,000. Abound Wealth Management grew its position in Vanguard Financials ETF by 379.6% during the fourth quarter. Abound Wealth Management now owns 235 shares of the company’s stock worth $28,000 after buying an additional 186 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Vanguard Financials ETF by 45.0% during the third quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Vanguard Financials ETF during the fourth quarter worth about $35,000. Finally, Heck Capital Advisors LLC purchased a new position in Vanguard Financials ETF during the fourth quarter worth about $45,000.

Vanguard Financials ETF Trading Down 0.2 %

VFH opened at $117.96 on Wednesday. The stock has a 50-day moving average price of $122.50 and a 200-day moving average price of $118.48. Vanguard Financials ETF has a 12-month low of $95.67 and a 12-month high of $127.67. The stock has a market capitalization of $11.79 billion, a P/E ratio of 15.58 and a beta of 1.10.

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).