5,235 Shares in Vanguard Financials ETF $VFH Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,235 shares of the company’s stock, valued at approximately $699,000.

Other hedge funds have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of Vanguard Financials ETF during the 3rd quarter worth $27,000. Proathlete Wealth Management LLC lifted its stake in Vanguard Financials ETF by 2,775.0% in the fourth quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the period. First Horizon Corp purchased a new stake in Vanguard Financials ETF in the third quarter worth about $37,000. Russell Investments Group Ltd. grew its holdings in Vanguard Financials ETF by 82.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 459 shares of the company’s stock worth $60,000 after acquiring an additional 207 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new position in Vanguard Financials ETF during the 3rd quarter worth about $75,000. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Stock Performance

NYSEARCA VFH opened at $126.13 on Friday. Vanguard Financials ETF has a one year low of $116.67 and a one year high of $137.89. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 17.56 and a beta of 0.92. The company’s 50-day simple moving average is $124.09 and its two-hundred day simple moving average is $128.35.

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).