TRUE Private Wealth Advisors Sells 2,817 Shares of Vanguard Financials ETF (NYSEARCA:VFH)
TRUE Private Wealth Advisors trimmed its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 48.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,942 shares of the company’s stock after selling 2,817 shares during the period. TRUE Private Wealth Advisors’ holdings in Vanguard Financials ETF were worth $203,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VFH. Beacon Capital Management Inc. raised its position in shares of Vanguard Financials ETF by 28.9% in the 2nd quarter. Beacon Capital Management Inc. now owns 2,443,361 shares of the company’s stock worth $168,616,000 after acquiring an additional 547,873 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vanguard Financials ETF by 106.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 473,361 shares of the company’s stock worth $30,551,000 after acquiring an additional 244,346 shares in the last quarter. Joseph P. Lucia & Associates LLC bought a new position in shares of Vanguard Financials ETF in the 1st quarter worth $2,545,000. Starr International Co. Inc. bought a new position in shares of Vanguard Financials ETF in the 1st quarter worth $4,776,000. Finally, Private Advisory Group LLC bought a new position in shares of Vanguard Financials ETF in the 2nd quarter worth $3,490,000.
Shares of VFH traded up $0.41 during trading hours on Thursday, hitting $65.67. The company had a trading volume of 161,902 shares, compared to its average volume of 657,739. Vanguard Financials ETF has a one year low of $55.16 and a one year high of $72.97. The business’s fifty day moving average price is $69.55.
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).
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