MAI Capital Management Raises Position in Vanguard Financials ETF (NYSEARCA:VFH)

MAI Capital Management increased its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,727 shares of the company’s stock after purchasing an additional 152 shares during the quarter. MAI Capital Management’s holdings in Vanguard Financials ETF were worth $959,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new position in Vanguard Financials ETF in the 2nd quarter worth approximately $25,000. Rothschild Investment LLC bought a new position in shares of Vanguard Financials ETF in the second quarter worth $29,000. Rosenberg Matthew Hamilton purchased a new position in shares of Vanguard Financials ETF in the second quarter valued at $43,000. Larson Financial Group LLC grew its position in shares of Vanguard Financials ETF by 350.0% in the second quarter. Larson Financial Group LLC now owns 450 shares of the company’s stock valued at $45,000 after purchasing an additional 350 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Vanguard Financials ETF during the 3rd quarter valued at $54,000.

Vanguard Financials ETF Stock Up 1.2 %

Shares of NYSEARCA VFH opened at $123.25 on Friday. The company has a market cap of $11.35 billion, a P/E ratio of 14.43 and a beta of 0.96. Vanguard Financials ETF has a 52 week low of $85.01 and a 52 week high of $123.84. The business has a 50-day simple moving average of $114.03 and a two-hundred day simple moving average of $106.92.

Vanguard Financials ETF 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).