Royal Bank of Canada Buys 49,666 Shares of Vanguard Financials ETF $VFH

Royal Bank of Canada grew its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 579,925 shares of the company’s stock after purchasing an additional 49,666 shares during the quarter. Royal Bank of Canada owned about 0.57% of Vanguard Financials ETF worth $70,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Money Concepts Capital Corp raised its position in Vanguard Financials ETF by 4.7% during the fourth quarter. Money Concepts Capital Corp now owns 1,740 shares of the company’s stock worth $232,000 after acquiring an additional 78 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Vanguard Financials ETF by 1.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,846 shares of the company’s stock valued at $914,000 after acquiring an additional 83 shares during the last quarter. Harbor Asset Planning Inc. grew its position in shares of Vanguard Financials ETF by 10.8% in the 1st quarter. Harbor Asset Planning Inc. now owns 853 shares of the company’s stock valued at $103,000 after acquiring an additional 83 shares during the period. NBC Securities Inc. grew its position in shares of Vanguard Financials ETF by 12.0% in the 4th quarter. NBC Securities Inc. now owns 784 shares of the company’s stock valued at $105,000 after acquiring an additional 84 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Vanguard Financials ETF by 19.8% during the 4th quarter. Russell Investments Group Ltd. now owns 550 shares of the company’s stock worth $73,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

Shares of VFH stock opened at $139.23 on Friday. The firm’s 50-day moving average is $133.11 and its 200-day moving average is $128.82. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. Vanguard Financials ETF has a 52-week low of $116.67 and a 52-week high of $140.97.

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).