Focus Financial Network Inc. Increases Stock Holdings in Vanguard Financials ETF (NYSEARCA:VFH)

Focus Financial Network Inc. lifted its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 148.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 41,801 shares of the company’s stock after acquiring an additional 24,952 shares during the quarter. Focus Financial Network Inc.’s holdings in Vanguard Financials ETF were worth $4,469,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in Vanguard Financials ETF during the 4th quarter worth $25,000. Scarborough Advisors LLC purchased a new position in shares of Vanguard Financials ETF during the fourth quarter worth about $30,000. MCF Advisors LLC acquired a new stake in shares of Vanguard Financials ETF during the fourth quarter worth about $31,000. Pineridge Advisors LLC acquired a new stake in shares of Vanguard Financials ETF in the 4th quarter valued at about $32,000. Finally, Bfsg LLC purchased a new position in Vanguard Financials ETF during the 4th quarter worth approximately $39,000.

Vanguard Financials ETF Stock Down 0.5 %

VFH traded down $0.57 during trading on Tuesday, hitting $106.33. 210,273 shares of the stock were exchanged, compared to its average volume of 404,508. Vanguard Financials ETF has a 1-year low of $75.71 and a 1-year high of $107.93. The stock has a fifty day moving average price of $102.45 and a two-hundred day moving average price of $100.23. The firm has a market capitalization of $9.79 billion, a P/E 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).