Janney Montgomery Scott LLC Increases Stake in Vanguard Financials ETF $VFH

Janney Montgomery Scott LLC increased its holdings in Vanguard Financials ETF (NYSEARCA:VFH) by 6.8% during the first quarter, Holdings Channel.com reports. The firm owned 151,450 shares of the company’s stock after acquiring an additional 9,650 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vanguard Financials ETF were worth $18,297,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VFH. Bank of America Corp DE boosted its position in Vanguard Financials ETF by 0.6% during the fourth quarter. Bank of America Corp DE now owns 23,568,647 shares of the company’s stock valued at $3,146,179,000 after buying an additional 131,154 shares during the period. Morgan Stanley increased its holdings in shares of Vanguard Financials ETF by 1.0% in the fourth quarter. Morgan Stanley now owns 3,604,287 shares of the company’s stock worth $481,137,000 after buying an additional 35,705 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Vanguard Financials ETF by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,811,174 shares of the company’s stock worth $241,774,000 after buying an additional 27,036 shares during the period. PGIM Custom Harvest LLC lifted its stake in shares of 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 acquiring an additional 40,422 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Vanguard Financials ETF by 6.4% in the 4th quarter. Raymond James Financial Inc. now owns 1,236,644 shares of the company’s stock valued at $165,080,000 after acquiring an additional 73,925 shares during the last quarter. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Price Performance

Shares of VFH stock opened at $131.60 on Wednesday. The business has a 50-day moving average of $128.28 and a 200 day moving average of $128.35. Vanguard Financials ETF has a 1-year low of $116.67 and a 1-year high of $137.89. The stock has a market capitalization of $13.38 billion, a PE ratio of 17.56 and a beta of 0.90.

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).