KCM Investment Advisors LLC Decreases Stake in Vanguard Financials ETF $VFH

KCM Investment Advisors LLC lessened its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 343,860 shares of the company’s stock after selling 4,297 shares during the period. Vanguard Financials ETF comprises approximately 1.5% of KCM Investment Advisors LLC’s holdings, making the stock its 21st biggest position. KCM Investment Advisors LLC’s holdings in Vanguard Financials ETF were worth $43,773,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. PGIM Custom Harvest LLC lifted its stake in shares of Vanguard Financials ETF by 2.7% in the first quarter. PGIM Custom Harvest LLC now owns 1,215,977 shares of the company’s stock worth $145,273,000 after buying an additional 31,634 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Vanguard Financials ETF in the 2nd quarter worth approximately $116,303,000. Ameriprise Financial Inc. boosted its holdings in shares of Vanguard Financials ETF by 24.7% during the 1st quarter. Ameriprise Financial Inc. now owns 863,486 shares of the company’s stock worth $103,184,000 after purchasing an additional 171,219 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Vanguard Financials ETF by 3.7% during the 1st quarter. LPL Financial LLC now owns 785,932 shares of the company’s stock worth $93,895,000 after purchasing an additional 27,677 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Vanguard Financials ETF by 13.8% in the first quarter. Cetera Investment Advisers now owns 468,599 shares of the company’s stock valued at $55,984,000 after purchasing an additional 56,762 shares in the last quarter. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

NYSEARCA:VFH opened at $128.58 on Friday. Vanguard Financials ETF has a one year low of $100.87 and a one year high of $133.85. The stock has a market cap of $12.88 billion, a PE ratio of 17.56 and a beta of 1.02. The stock has a 50 day moving average price of $129.88 and a 200 day moving average price of $126.56.

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).