Rialto Wealth Management LLC Invests $73,000 in Vanguard Financials ETF (NYSEARCA:VFH)

Rialto Wealth Management LLC acquired a new position in Vanguard Financials ETF (NYSEARCA:VFH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 619 shares of the company’s stock, valued at approximately $73,000.

Other hedge funds have also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Vanguard Financials ETF in the fourth quarter worth $26,000. Abound Wealth Management raised its holdings in shares of Vanguard Financials ETF by 379.6% during the fourth quarter. Abound Wealth Management now owns 235 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares during the period. Brown Brothers Harriman & Co. raised its stake in Vanguard Financials ETF by 45.0% during the 3rd 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. Kestra Investment Management LLC purchased a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at $35,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Vanguard Financials ETF in the fourth quarter worth $45,000.

Vanguard Financials ETF Trading Down 0.4 %

NYSEARCA:VFH opened at $118.69 on Friday. The business’s fifty day moving average price is $122.82 and its 200 day moving average price is $118.04. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 16.94 and a beta of 1.11. Vanguard Financials ETF has a 1-year low of $95.67 and a 1-year high of $127.67.

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).