Beacon Capital Management Inc. Has $129.09 Million Stock Holdings in Vanguard Financials ETF $VFH

Beacon Capital Management Inc. increased its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 197.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,014,050 shares of the company’s stock after buying an additional 673,259 shares during the period. Vanguard Financials ETF comprises about 6.7% of Beacon Capital Management Inc.’s holdings, making the stock its 4th biggest position. Beacon Capital Management Inc.’s holdings in Vanguard Financials ETF were worth $129,089,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VFH. Atlantic Union Bankshares Corp bought a new stake in shares of Vanguard Financials ETF in the second quarter valued at $101,000. AE Wealth Management LLC grew its stake in shares of Vanguard Financials ETF by 7.5% during the 2nd quarter. AE Wealth Management LLC now owns 64,093 shares of the company’s stock worth $8,159,000 after acquiring an additional 4,484 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Vanguard Financials ETF by 2.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,229 shares of the company’s stock worth $538,000 after acquiring an additional 102 shares during the last quarter. 17 Capital Partners LLC increased its holdings in Vanguard Financials ETF by 13.7% in the 2nd quarter. 17 Capital Partners LLC now owns 8,888 shares of the company’s stock worth $1,131,000 after acquiring an additional 1,073 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in Vanguard Financials ETF by 162.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 5,963 shares of the company’s stock valued at $759,000 after acquiring an additional 3,689 shares during the period. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Stock Up 0.0%

NYSEARCA VFH opened at $134.39 on Monday. The company has a market cap of $13.46 billion, a PE ratio of 17.56 and a beta of 1.02. Vanguard Financials ETF has a 52 week low of $100.87 and a 52 week high of $135.18. The firm’s 50-day simple moving average is $128.77 and its two-hundred day simple moving average is $128.30.

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).