KDK Private Wealth Management LLC Invests $1.12 Million in Vanguard Financials ETF (NYSEARCA:VFH)

KDK Private Wealth Management LLC purchased a new stake in Vanguard Financials ETF (NYSEARCA:VFH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,447 shares of the company’s stock, valued at approximately $1,115,000. Vanguard Financials ETF makes up 1.2% of KDK Private Wealth Management LLC’s holdings, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Vanguard Financials ETF by 15.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,582,629 shares of the company’s stock valued at $186,861,000 after buying an additional 216,103 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at $130,549,000. JPMorgan Chase & Co. increased its stake in shares of Vanguard Financials ETF by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 924,677 shares of the company’s stock valued at $101,631,000 after acquiring an additional 41,153 shares during the last quarter. LPL Financial LLC raised its stake in Vanguard Financials ETF by 15.0% during the fourth quarter. LPL Financial LLC now owns 758,255 shares of the company’s stock worth $89,527,000 after purchasing an additional 99,117 shares during the period. Finally, Advisors Preferred LLC raised its position in shares of Vanguard Financials ETF by 48.0% in 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 during the period.

Vanguard Financials ETF Stock Performance

Shares of NYSEARCA:VFH opened at $109.46 on Friday. Vanguard Financials ETF has a 1 year low of $95.67 and a 1 year high of $127.67. The stock has a 50-day simple moving average of $119.79 and a 200-day simple moving average of $119.16. The stock has a market capitalization of $11.03 billion, a P/E ratio of 16.30 and a beta of 1.10.

Vanguard Financials ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.5106 per share. This is a boost from Vanguard Financials ETF’s previous dividend of $0.46. The ex-dividend date of this dividend was Tuesday, March 25th.

Vanguard Financials ETF Company 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).