Envestnet Portfolio Solutions Inc. Has $624,000 Stock Position in Vanguard Financials ETF $VFH

Envestnet Portfolio Solutions Inc. reduced its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 90.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,755 shares of the company’s stock after selling 45,559 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Financials ETF were worth $624,000 at the end of the most recent quarter.

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

Vanguard Financials ETF Price Performance

Vanguard Financials ETF stock opened at $130.89 on Friday. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 17.56 and a beta of 1.02. The company’s 50 day simple moving average is $132.66 and its 200 day simple moving average is $130.36. Vanguard Financials ETF has a fifty-two week low of $100.87 and a fifty-two week high of $137.89.

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).