PNC Financial Services Group Inc. Cuts Holdings in Vanguard Financials ETF $VFH

PNC Financial Services Group Inc. trimmed its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 208,881 shares of the company’s stock after selling 6,631 shares during the period. PNC Financial Services Group Inc. owned approximately 0.21% of Vanguard Financials ETF worth $27,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proathlete Wealth Management LLC boosted its stake in shares of Vanguard Financials ETF by 2,775.0% in the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Vanguard Financials ETF by 82.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 459 shares of the company’s stock worth $60,000 after buying an additional 207 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Vanguard Financials ETF in the 3rd quarter worth $75,000. BNP Paribas Financial Markets boosted its stake in shares of Vanguard Financials ETF by 468.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 671 shares of the company’s stock worth $88,000 after buying an additional 553 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of Vanguard Financials ETF by 422.3% in the 4th quarter. Dunhill Financial LLC now owns 679 shares of the company’s stock worth $91,000 after buying an additional 549 shares during the last quarter. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Price Performance

VFH stock opened at $127.37 on Friday. The company has a market cap of $12.95 billion, a P/E ratio of 17.56 and a beta of 0.92. Vanguard Financials ETF has a 1 year low of $116.67 and a 1 year high of $137.89. The stock’s fifty day moving average price is $124.38 and its 200-day moving average price is $128.19.

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).