Beacon Capital Management Inc. Lowers Stock Holdings in Vanguard Financials ETF (NYSEARCA:VFH)

Beacon Capital Management Inc. cut its position in Vanguard Financials ETF (NYSEARCA:VFH) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,430,014 shares of the company’s stock after selling 89,838 shares during the period. Vanguard Financials ETF comprises about 7.3% of Beacon Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Beacon Capital Management Inc.’s holdings in Vanguard Financials ETF were worth $168,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richmond Brothers Inc. increased its holdings in shares of Vanguard Financials ETF by 5.2% during the fourth quarter. Richmond Brothers Inc. now owns 67,031 shares of the company’s stock worth $7,914,000 after purchasing an additional 3,290 shares during the period. North Forty Two & Co. acquired a new stake in Vanguard Financials ETF during the fourth quarter worth approximately $3,908,000. VSM Wealth Advisory LLC bought a new position in Vanguard Financials ETF during the 4th quarter worth $98,000. Thrivent Financial for Lutherans raised its holdings in Vanguard Financials ETF by 776.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 97,890 shares of the company’s stock valued at $11,558,000 after acquiring an additional 86,724 shares in the last quarter. Finally, Mystic Asset Management Inc. bought a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at $647,000.

Vanguard Financials ETF Stock Performance

VFH opened at $119.38 on Friday. The firm has a market cap of $11.93 billion, a P/E ratio of 15.58 and a beta of 1.10. The business’s fifty day moving average is $122.54 and its 200-day moving average is $118.49. Vanguard Financials ETF has a 52-week low of $95.67 and a 52-week high of $127.67.

Vanguard Financials ETF Company 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).