Nomura Asset Management Co. Ltd. Invests $2.14 Million in Vanguard Financials ETF (NYSEARCA:VFH)

Nomura Asset Management Co. Ltd. purchased a new stake in Vanguard Financials ETF (NYSEARCA:VFH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,100 shares of the company’s stock, valued at approximately $2,137,000.

Several other hedge funds have also added to or reduced their stakes in VFH. Ausdal Financial Partners Inc. acquired a new position in shares of Vanguard Financials ETF in the fourth quarter valued at $303,000. Financial Counselors Inc. acquired a new position in Vanguard Financials ETF in the 4th quarter valued at about $250,000. Ipsen Advisor Group LLC acquired a new stake in Vanguard Financials ETF during the fourth quarter worth approximately $1,177,000. Murphy & Mullick Capital Management Corp acquired a new stake in Vanguard Financials ETF during the fourth quarter worth approximately $63,000. Finally, Florida Financial Advisors LLC acquired a new position in shares of Vanguard Financials ETF in the fourth quarter valued at approximately $231,000.

Vanguard Financials ETF Trading Up 1.0 %

Shares of NYSEARCA VFH opened at $120.56 on Thursday. The firm has a market cap of $12.15 billion, a P/E ratio of 16.30 and a beta of 1.10. The business’s 50 day moving average is $122.44 and its 200-day moving average is $119.30. Vanguard Financials ETF has a 1-year low of $95.67 and a 1-year high of $127.67.

Vanguard Financials ETF Increases Dividend

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

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).