Fifth Third Bancorp Grows Position in Vanguard Financials ETF $VFH

Fifth Third Bancorp raised its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 49.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 136,333 shares of the company’s stock after purchasing an additional 45,129 shares during the period. Fifth Third Bancorp’s holdings in Vanguard Financials ETF were worth $16,470,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jessup Wealth Management Inc bought a new position in shares of Vanguard Financials ETF in the fourth quarter worth about $27,000. Proathlete Wealth Management LLC grew its stake in shares of Vanguard Financials ETF by 2,775.0% during the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares during the period. SHP Wealth Management bought a new position in shares of Vanguard Financials ETF during the 4th quarter valued at approximately $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Vanguard Financials ETF in the 4th quarter worth approximately $39,000. Finally, Core Wealth Advisors LLC purchased a new stake in Vanguard Financials ETF in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Trading Up 0.3%

NYSEARCA VFH opened at $137.61 on Wednesday. Vanguard Financials ETF has a 12 month low of $116.67 and a 12 month high of $138.96. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. The company’s 50 day moving average is $129.97 and its two-hundred day moving average is $128.50.

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).