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

Richmond Brothers Inc. cut its holdings in shares of Vanguard Industrials ETF (NYSEARCA:VIS) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,004 shares of the company’s stock after selling 2,465 shares during the quarter. Vanguard Industrials ETF comprises 4.4% of Richmond Brothers Inc.’s portfolio, making the stock its 6th biggest holding. Richmond Brothers Inc. owned 0.11% of Vanguard Industrials ETF worth $6,864,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of Vanguard Industrials ETF by 6.7% during the 3rd quarter. Bank of America Corp DE now owns 3,915,208 shares of the company’s stock worth $1,160,037,000 after acquiring an additional 247,479 shares during the last quarter. PGIM Custom Harvest LLC increased its holdings in shares of Vanguard Industrials ETF by 1.5% during the 3rd quarter. PGIM Custom Harvest LLC now owns 923,559 shares of the company’s stock worth $273,641,000 after acquiring an additional 13,620 shares during the last quarter. UBS Group AG increased its holdings in shares of Vanguard Industrials ETF by 2.4% during the 4th quarter. UBS Group AG now owns 320,576 shares of the company’s stock worth $95,653,000 after acquiring an additional 7,499 shares during the last quarter. LPL Financial LLC grew its holdings in Vanguard Industrials ETF by 2.2% in the 4th quarter. LPL Financial LLC now owns 290,243 shares of the company’s stock valued at $86,603,000 after buying an additional 6,296 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Vanguard Industrials ETF by 2.4% in the 4th quarter. HighTower Advisors LLC now owns 143,594 shares of the company’s stock valued at $42,846,000 after buying an additional 3,319 shares in the last quarter.

Vanguard Industrials ETF Price Performance

Shares of NYSEARCA VIS opened at $342.49 on Friday. The stock’s fifty day moving average price is $335.28 and its two-hundred day moving average price is $323.27. Vanguard Industrials ETF has a one year low of $268.94 and a one year high of $347.09. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 23.72 and a beta of 1.04.

Vanguard Industrials ETF Company 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).