KCM Investment Advisors LLC Sells 139,579 Shares of Vanguard Financials ETF $VFH

KCM Investment Advisors LLC lessened its holdings in Vanguard Financials ETF (NYSEARCA:VFH) by 40.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,281 shares of the company’s stock after selling 139,579 shares during the period. KCM Investment Advisors LLC’s holdings in Vanguard Financials ETF were worth $26,810,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VFH. PGIM Custom Harvest LLC raised its stake in shares of Vanguard Financials ETF by 13.2% in the second quarter. PGIM Custom Harvest LLC now owns 1,376,276 shares of the company’s stock worth $175,200,000 after purchasing an additional 160,299 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Vanguard Financials ETF by 0.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,080,487 shares of the company’s stock valued at $137,546,000 after acquiring an additional 2,837 shares in the last quarter. Beacon Capital Management Inc. boosted its holdings in Vanguard Financials ETF by 197.6% during the 2nd quarter. Beacon Capital Management Inc. now owns 1,014,050 shares of the company’s stock worth $129,089,000 after acquiring an additional 673,259 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Vanguard Financials ETF by 606.8% in the 2nd quarter. Corient Private Wealth LLC now owns 880,189 shares of the company’s stock worth $111,992,000 after acquiring an additional 755,665 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Financials ETF by 0.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 422,344 shares of the company’s stock valued at $53,764,000 after purchasing an additional 3,347 shares during the last quarter. Institutional investors and hedge funds own 61.65% of the company’s stock.

Vanguard Financials ETF Price Performance

VFH opened at $126.04 on Thursday. Vanguard Financials ETF has a fifty-two week low of $100.87 and a fifty-two week high of $137.89. The firm has a market capitalization of $12.65 billion, a P/E ratio of 17.56 and a beta of 1.02. The company’s 50-day moving average is $131.13 and its 200 day moving average is $130.45.

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). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).