PNC Financial Services Group Inc. Reduces Stake in Vanguard Financials ETF $VFH

PNC Financial Services Group Inc. reduced its position in Vanguard Financials ETF (NYSEARCA:VFH) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 208,881 shares of the company’s stock after selling 6,631 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Financials ETF were worth $27,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Vanguard Financials ETF by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 23,437,493 shares of the company’s stock worth $3,075,937,000 after purchasing an additional 526,682 shares during the period. PGIM Custom Harvest LLC raised its holdings in Vanguard Financials ETF by 2.9% in the 3rd quarter. PGIM Custom Harvest LLC now owns 1,416,698 shares of the company’s stock worth $185,927,000 after purchasing an additional 40,422 shares during the period. Raymond James Financial Inc. raised its holdings in Vanguard Financials ETF by 7.6% in the 3rd quarter. Raymond James Financial Inc. now owns 1,162,719 shares of the company’s stock worth $152,595,000 after purchasing an additional 82,232 shares during the period. Ameriprise Financial Inc. raised its holdings in Vanguard Financials ETF by 3.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 850,271 shares of the company’s stock worth $111,601,000 after purchasing an additional 31,454 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Vanguard Financials ETF by 60.3% in the 3rd quarter. Two Sigma Investments LP now owns 554,500 shares of the company’s stock worth $72,773,000 after purchasing an additional 208,500 shares during the period. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Stock Performance

Shares of Vanguard Financials ETF stock opened at $127.37 on Friday. Vanguard Financials ETF has a one year low of $116.67 and a one year high of $137.89. The stock’s fifty day moving average is $124.38 and its 200 day moving average is $128.19. The stock has a market cap of $12.95 billion, a P/E ratio of 17.56 and a beta of 0.92.

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). 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).