Kovack Advisors Inc. Acquires 536 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

Kovack Advisors Inc. raised its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 15.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,047 shares of the company’s stock after acquiring an additional 536 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Financials ETF were worth $478,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Vanguard Financials ETF during the fourth quarter valued at about $26,000. Abound Wealth Management boosted its position in 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 buying an additional 186 shares during the period. Brown Brothers Harriman & Co. boosted its position in Vanguard Financials ETF by 45.0% during the third quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock valued at $32,000 after buying an additional 90 shares during the period. Kestra Investment Management LLC purchased a new stake in Vanguard Financials ETF during the fourth quarter valued at about $35,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Vanguard Financials ETF during the fourth quarter valued at about $45,000.

Vanguard Financials ETF Trading Up 2.0 %

Shares of NYSEARCA:VFH opened at $126.11 on Friday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 16.94 and a beta of 1.11. The company has a 50-day moving average price of $122.68 and a 200-day moving average price of $117.42. Vanguard Financials ETF has a 12 month low of $95.67 and a 12 month high of $127.67.

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).