Synovus Financial Corp Purchases 219,120 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

Synovus Financial Corp boosted its position in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 97.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,222 shares of the company’s stock after purchasing an additional 219,120 shares during the period. Vanguard Financials ETF comprises 0.6% of Synovus Financial Corp’s holdings, making the stock its 27th biggest holding. Synovus Financial Corp owned approximately 0.48% of Vanguard Financials ETF worth $48,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Family Firm Inc. purchased a new position in Vanguard Financials ETF in the 2nd quarter worth about $25,000. Rothschild Investment LLC bought a new stake in shares of Vanguard Financials ETF during the second quarter valued at approximately $29,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Vanguard Financials ETF by 45.0% in the third quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock valued at $32,000 after purchasing an additional 90 shares during the period. Rosenberg Matthew Hamilton bought a new position in Vanguard Financials ETF in the second quarter worth approximately $43,000. Finally, Larson Financial Group LLC increased its holdings in Vanguard Financials ETF by 350.0% during the 2nd quarter. Larson Financial Group LLC now owns 450 shares of the company’s stock worth $45,000 after purchasing an additional 350 shares during the period.

Vanguard Financials ETF Trading Down 0.4 %

Shares of VFH stock opened at $122.21 on Friday. Vanguard Financials ETF has a twelve month low of $89.13 and a twelve month high of $126.85. The stock has a fifty day simple moving average of $118.76 and a two-hundred day simple moving average of $109.42. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

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).