Kennicott Capital Management LLC Decreases Holdings in Vanguard Financials ETF (NYSEARCA:VFH)

Kennicott Capital Management LLC trimmed its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,537 shares of the company’s stock after selling 2,120 shares during the period. Vanguard Financials ETF accounts for 0.7% of Kennicott Capital Management LLC’s holdings, making the stock its 18th biggest position. Kennicott Capital Management LLC’s holdings in Vanguard Financials ETF were worth $1,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Varma Mutual Pension Insurance Co lifted its holdings in Vanguard Financials ETF by 155.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 6,831,371 shares of the company’s stock valued at $548,696,000 after purchasing an additional 4,159,650 shares in the last quarter. Morgan Stanley raised its position in shares of Vanguard Financials ETF by 2.8% in the third quarter. Morgan Stanley now owns 2,680,449 shares of the company’s stock valued at $215,294,000 after buying an additional 72,473 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vanguard Financials ETF by 304.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,323,466 shares of the company’s stock valued at $106,301,000 after buying an additional 995,862 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of Vanguard Financials ETF in the fourth quarter valued at about $59,548,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Vanguard Financials ETF by 3.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 610,952 shares of the company’s stock valued at $49,072,000 after buying an additional 19,169 shares during the last quarter.

Vanguard Financials ETF Stock Performance

Shares of NYSEARCA VFH traded up $0.81 during mid-day trading on Tuesday, reaching $99.87. The company’s stock had a trading volume of 252,849 shares, compared to its average volume of 524,171. The stock has a 50-day moving average of $98.85 and a two-hundred day moving average of $91.51. The stock has a market capitalization of $9.20 billion, a P/E ratio of 14.31 and a beta of 0.96. Vanguard Financials ETF has a 1-year low of $73.87 and a 1-year high of $102.60.

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).