PNC Financial Services Group Inc. Decreases Stock Position in Vanguard Financials ETF $VFH

PNC Financial Services Group Inc. trimmed its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,755 shares of the company’s stock after selling 6,126 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Financials ETF were worth $24,495,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VFH. Jane Street Group LLC raised its position in Vanguard Financials ETF by 124.9% in the 1st quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock valued at $1,116,000 after purchasing an additional 5,190 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Vanguard Financials ETF by 10.5% in the 1st quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after buying an additional 743 shares during the period. Brown Advisory Inc. grew its position in shares of Vanguard Financials ETF by 8.8% during the second quarter. Brown Advisory Inc. now owns 6,664 shares of the company’s stock worth $848,000 after buying an additional 540 shares in the last quarter. Cerity Partners LLC grew its position in shares of Vanguard Financials ETF by 8.4% during the second quarter. Cerity Partners LLC now owns 22,736 shares of the company’s stock worth $2,894,000 after buying an additional 1,759 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Vanguard Financials ETF by 1,765.2% during the second quarter. Qube Research & Technologies Ltd now owns 9,587 shares of the company’s stock worth $1,220,000 after buying an additional 9,073 shares during the period. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

VFH stock opened at $137.81 on Friday. The company’s 50 day moving average price is $131.83 and its 200 day moving average price is $128.72. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $139.50.

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). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).