HighTower Advisors LLC Sells 4,324 Shares of Vanguard Financials ETF $VFH

HighTower Advisors LLC trimmed its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 129,075 shares of the company’s stock after selling 4,324 shares during the period. HighTower Advisors LLC’s holdings in Vanguard Financials ETF were worth $16,986,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jessup Wealth Management Inc purchased a new position in shares of Vanguard Financials ETF during the fourth quarter worth approximately $27,000. Continuum Advisory LLC bought a new stake in shares of Vanguard Financials ETF during the second quarter valued at approximately $35,000. SHP Wealth Management purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at approximately $39,000. Finally, Evergreen Advisors LLC bought a new position in Vanguard Financials ETF in the first quarter worth approximately $42,000. 61.65% of the stock is currently owned by institutional investors.

Vanguard Financials ETF Stock Down 0.5%

Shares of NYSEARCA:VFH opened at $139.35 on Thursday. The business’s 50 day moving average is $139.72 and its 200 day moving average is $130.87. The stock has a market cap of $13.50 billion, a P/E ratio of 17.56 and a beta of 0.89. Vanguard Financials ETF has a 52-week low of $116.67 and a 52-week high of $143.20.

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). 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).