Hershey Financial Advisers LLC Makes New Investment in Vanguard Financials ETF (NYSEARCA:VFH)

Hershey Financial Advisers LLC acquired a new stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 16,625 shares of the company’s stock, valued at approximately $1,661,000. Vanguard Financials ETF accounts for about 1.5% of Hershey Financial Advisers LLC’s portfolio, making the stock its 12th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management Inc. boosted its position in shares of Vanguard Financials ETF by 206.2% during the 1st quarter. Beacon Capital Management Inc. now owns 1,671,708 shares of the company’s stock valued at $169,729,000 after acquiring an additional 1,125,795 shares during the last quarter. Morningstar Investment Services LLC lifted its position in Vanguard Financials ETF by 62.1% during the fourth quarter. Morningstar Investment Services LLC now owns 818,619 shares of the company’s stock valued at $75,861,000 after purchasing an additional 313,649 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Vanguard Financials ETF by 9.1% in the 2nd quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock worth $65,219,000 after buying an additional 54,206 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Vanguard Financials ETF by 4.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock worth $60,009,000 after buying an additional 25,730 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of Vanguard Financials ETF by 9.4% during the 2nd quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock valued at $47,140,000 after buying an additional 40,730 shares in the last quarter.

Vanguard Financials ETF Trading Down 0.1 %

VFH opened at $109.59 on Monday. The stock has a 50-day moving average of $106.89 and a 200 day moving average of $102.69. Vanguard Financials ETF has a 12 month low of $75.71 and a 12 month high of $111.40. The firm has a market cap of $10.09 billion, a P/E ratio of 14.43 and a beta of 0.96.

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).