Northwestern Mutual Wealth Management Co. Lowers Stock Holdings in Vanguard Financials ETF $VFH

Northwestern Mutual Wealth Management Co. trimmed its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,508 shares of the company’s stock after selling 45,916 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.37% of Vanguard Financials ETF worth $49,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Vanguard Financials ETF by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 23,437,493 shares of the company’s stock valued at $3,075,937,000 after buying an additional 526,682 shares during the period. PGIM Custom Harvest LLC boosted its position in Vanguard Financials ETF by 2.9% in the 3rd quarter. PGIM Custom Harvest LLC now owns 1,416,698 shares of the company’s stock valued at $185,927,000 after buying an additional 40,422 shares during the period. Raymond James Financial Inc. boosted its position in Vanguard Financials ETF by 7.6% in the 3rd quarter. Raymond James Financial Inc. now owns 1,162,719 shares of the company’s stock valued at $152,595,000 after buying an additional 82,232 shares during the period. Ameriprise Financial Inc. boosted its position in Vanguard Financials ETF by 3.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 850,271 shares of the company’s stock valued at $111,601,000 after buying an additional 31,454 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Vanguard Financials ETF by 60.3% in the 3rd quarter. Two Sigma Investments LP now owns 554,500 shares of the company’s stock valued at $72,773,000 after purchasing an additional 208,500 shares in the last quarter. 61.65% of the stock is owned by hedge funds and other institutional investors.

Vanguard Financials ETF Stock Performance

NYSEARCA:VFH opened at $126.66 on Friday. Vanguard Financials ETF has a one year low of $116.67 and a one year high of $137.89. The firm has a market cap of $12.87 billion, a P/E ratio of 17.56 and a beta of 0.92. The firm has a 50-day simple moving average of $125.08 and a 200-day simple moving average of $128.15.

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).