Elevation Point Wealth Partners LLC Buys Shares of 6,972 Vanguard Financials ETF $VFH

Elevation Point Wealth Partners LLC bought a new position in Vanguard Financials ETF (NYSEARCA:VFH) during the 1st quarter, HoldingsChannel reports. The firm bought 6,972 shares of the company’s stock, valued at approximately $842,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VFH. Bank of America Corp DE lifted its holdings in Vanguard Financials ETF by 2.3% during the third quarter. Bank of America Corp DE now owns 23,437,493 shares of the company’s stock worth $3,075,937,000 after acquiring an additional 526,682 shares in the last quarter. Two Sigma Investments LP grew its stake in Vanguard Financials ETF by 60.3% in the third quarter. Two Sigma Investments LP now owns 554,500 shares of the company’s stock valued at $72,773,000 after acquiring an additional 208,500 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Vanguard Financials ETF by 1,059.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 189,392 shares of the company’s stock worth $24,856,000 after acquiring an additional 173,064 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Vanguard Financials ETF by 5,104.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 175,274 shares of the company’s stock worth $23,397,000 after acquiring an additional 171,906 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Vanguard Financials ETF by 109.0% in the second quarter. Corient Private Wealth LLC now owns 260,248 shares of the company’s stock worth $33,130,000 after acquiring an additional 135,724 shares in the last quarter. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Price Performance

NYSEARCA VFH opened at $137.48 on Tuesday. Vanguard Financials ETF has a one year low of $116.67 and a one year high of $137.89. The firm has a market cap of $13.37 billion, a P/E ratio of 17.56 and a beta of 0.90. The stock’s 50-day moving average is $128.88 and its 200-day moving average is $128.40.

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).