AE Wealth Management LLC Has $5.96 Million Position in Vanguard Financials ETF $VFH

AE Wealth Management LLC lowered its holdings in Vanguard Financials ETF (NYSEARCA:VFH) by 29.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 45,444 shares of the company’s stock after selling 18,649 shares during the period. AE Wealth Management LLC’s holdings in Vanguard Financials ETF were worth $5,964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VFH. Steigerwald Gordon & Koch Inc. acquired a new stake in Vanguard Financials ETF during the third quarter worth about $27,000. JDM Financial Group LLC bought a new stake in Vanguard Financials ETF in the third quarter valued at $31,000. First Horizon Corp bought a new stake in shares of Vanguard Financials ETF in the 3rd quarter worth about $37,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Vanguard Financials ETF during the third quarter worth about $46,000. Finally, Tripletail Wealth Management LLC bought a new stake in Vanguard Financials ETF during the 3rd quarter worth approximately $48,000. 61.65% of the stock is currently owned by institutional investors and hedge funds.

Vanguard Financials ETF Stock Performance

Shares of VFH stock opened at $130.89 on Friday. Vanguard Financials ETF has a 52 week low of $100.87 and a 52 week high of $137.89. The stock’s fifty day moving average is $132.66 and its 200-day moving average is $130.39. The stock has a market capitalization of $13.13 billion, a PE ratio of 17.56 and a beta of 1.02.

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).