Richmond Brothers Inc. Sells 2,465 Shares of Vanguard Industrials ETF $VIS

Richmond Brothers Inc. trimmed its position in Vanguard Industrials ETF (NYSEARCA:VIS) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,004 shares of the company’s stock after selling 2,465 shares during the period. Vanguard Industrials ETF makes up 4.4% of Richmond Brothers Inc.’s portfolio, making the stock its 6th biggest holding. Richmond Brothers Inc.’s holdings in Vanguard Industrials ETF were worth $6,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its stake in Vanguard Industrials ETF by 3.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 918 shares of the company’s stock worth $274,000 after purchasing an additional 30 shares during the period. Essex Financial Services Inc. grew its stake in Vanguard Industrials ETF by 1.1% in the fourth quarter. Essex Financial Services Inc. now owns 2,994 shares of the company’s stock valued at $893,000 after acquiring an additional 33 shares during the period. Mystic Asset Management Inc. grew its stake in Vanguard Industrials ETF by 2.7% in the fourth quarter. Mystic Asset Management Inc. now owns 1,275 shares of the company’s stock valued at $380,000 after acquiring an additional 34 shares during the period. Lake Street Private Wealth LLC grew its stake in Vanguard Industrials ETF by 2.6% in the fourth quarter. Lake Street Private Wealth LLC now owns 1,364 shares of the company’s stock valued at $407,000 after acquiring an additional 35 shares during the period. Finally, Fifth Third Securities Inc. grew its stake in Vanguard Industrials ETF by 1.6% in the fourth quarter. Fifth Third Securities Inc. now owns 2,185 shares of the company’s stock valued at $652,000 after acquiring an additional 35 shares during the period.

Vanguard Industrials ETF Stock Performance

Shares of Vanguard Industrials ETF stock opened at $342.49 on Friday. Vanguard Industrials ETF has a 52 week low of $268.94 and a 52 week high of $347.09. The stock has a 50 day moving average price of $335.28 and a two-hundred day moving average price of $323.27. The stock has a market capitalization of $7.76 billion, a PE ratio of 23.72 and a beta of 1.04.

Vanguard Industrials ETF Profile

Vanguard Industrials ETF (the Fund) seeks to track the investment performance of the MSCI US Investable Market Industrials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the industrials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by one of the following activities, the manufacture and distribution of capital goods (including aerospace and defense, construction, engineering and building products, electrical equipment, and industrial machinery); the provision of commercial services and supplies (including printing, employment, environmental, and office services); or the provision of transportation services (including airlines, couriers, marine, road and rail, and transportation infrastructure).