Northwestern Mutual Wealth Management Co. Decreases Stock Holdings in Vanguard Financials ETF $VFH

Northwestern Mutual Wealth Management Co. decreased its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,922 shares of the company’s stock after selling 44,073 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Financials ETF were worth $32,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Money Concepts Capital Corp raised its stake in Vanguard Financials ETF by 4.7% during the 4th quarter. Money Concepts Capital Corp now owns 1,740 shares of the company’s stock valued at $232,000 after buying an additional 78 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Vanguard Financials ETF by 1.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,846 shares of the company’s stock worth $914,000 after buying an additional 83 shares during the last quarter. Harbor Asset Planning Inc. grew its holdings in shares of Vanguard Financials ETF by 10.8% in the first quarter. Harbor Asset Planning Inc. now owns 853 shares of the company’s stock worth $103,000 after acquiring an additional 83 shares during the period. RCW Management LLC grew its holdings in shares of Vanguard Financials ETF by 0.3% in the second quarter. RCW Management LLC now owns 28,309 shares of the company’s stock worth $3,726,000 after acquiring an additional 87 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Vanguard Financials ETF by 19.8% during the fourth quarter. Russell Investments Group Ltd. now owns 550 shares of the company’s stock valued at $73,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Stock Performance

VFH stock opened at $139.56 on Wednesday. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $143.01. The business’s 50-day moving average is $138.61 and its two-hundred day moving average is $130.29. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90.

Vanguard Financials ETF 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).