Pinnacle Advisory Group Inc. Trims Stake in Vanguard Financials ETF (NYSEARCA:VFH)
Pinnacle Advisory Group Inc. reduced its position in Vanguard Financials ETF (NYSEARCA:VFH) by 22.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,490 shares of the company’s stock after selling 5,843 shares during the quarter. Pinnacle Advisory Group Inc.’s holdings in Vanguard Financials ETF were worth $1,414,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of VFH. Beacon Capital Management Inc. raised its position in 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 purchasing an additional 547,873 shares during the period. Envestnet Asset Management Inc. raised its position in 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 purchasing an additional 244,346 shares during the period. Joseph P. Lucia & Associates LLC purchased a new stake in Vanguard Financials ETF in the 1st quarter worth about $2,545,000. Starr International Co. Inc. purchased a new stake in Vanguard Financials ETF in the 1st quarter worth about $4,776,000. Finally, Private Advisory Group LLC purchased a new stake in Vanguard Financials ETF in the 2nd quarter worth about $3,490,000.
Vanguard Financials ETF stock traded up $0.43 during midday trading on Thursday, reaching $67.15. The stock had a trading volume of 6,846 shares, compared to its average volume of 653,462. The company has a fifty day moving average of $69.25 and a 200 day moving average of $67.66. Vanguard Financials ETF has a 52-week low of $55.16 and a 52-week high of $72.97.
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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