Sheets Smith Wealth Management Acquires Shares of 2,110 Vanguard Financials ETF (NYSEARCA:VFH)

Sheets Smith Wealth Management bought a new position in shares of Vanguard Financials ETF (NYSEARCA:VFH) during the fourth quarter, HoldingsChannel reports. The fund bought 2,110 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors have also recently added to or reduced their stakes in VFH. Trinity Legacy Partners LLC lifted its holdings in Vanguard Financials ETF by 1.0% in the 2nd quarter. Trinity Legacy Partners LLC now owns 24,839 shares of the company’s stock valued at $2,481,000 after purchasing an additional 255 shares in the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of Vanguard Financials ETF during the second quarter valued at about $203,000. Silver Lake Advisory LLC bought a new stake in shares of Vanguard Financials ETF in the second quarter worth $236,000. Elevation Capital Advisory LLC bought a new stake in Vanguard Financials ETF in the second quarter valued at about $927,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Financials ETF by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 254,006 shares of the company’s stock valued at $25,370,000 after purchasing an additional 17,027 shares during the last quarter.

Vanguard Financials ETF Price Performance

NYSEARCA:VFH opened at $123.49 on Thursday. The business has a 50 day simple moving average of $121.22 and a 200 day simple moving average of $113.35. The firm has a market capitalization of $11.37 billion, a P/E ratio of 14.43 and a beta of 0.96. Vanguard Financials ETF has a 12-month low of $92.53 and a 12-month high of $126.85.

Vanguard Financials ETF Company 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).