Cornerstone Wealth Management LLC Has $842,000 Holdings in Vanguard Financials ETF (NYSEARCA:VFH)

Cornerstone Wealth Management LLC raised its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,664 shares of the company’s stock after buying an additional 301 shares during the period. Cornerstone Wealth Management LLC’s holdings in Vanguard Financials ETF were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Beacon Capital Management Inc. increased its position in Vanguard Financials ETF by 206.2% during the 1st quarter. Beacon Capital Management Inc. now owns 1,671,708 shares of the company’s stock worth $169,729,000 after buying an additional 1,125,795 shares during the period. LPL Financial LLC raised its stake in Vanguard Financials ETF by 9.1% in the second quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock valued at $65,219,000 after purchasing an additional 54,206 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Vanguard Financials ETF by 4.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock worth $60,009,000 after acquiring an additional 25,730 shares in the last quarter. Raymond James & Associates raised its stake in Vanguard Financials ETF by 9.4% during the second quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock worth $47,140,000 after acquiring an additional 40,730 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Vanguard Financials ETF by 702.9% during the first quarter. Cetera Investment Advisers now owns 390,808 shares of the company’s stock worth $40,015,000 after acquiring an additional 342,131 shares in the last quarter.

Vanguard Financials ETF Trading Up 0.4 %

NYSEARCA:VFH opened at $116.09 on Friday. The stock has a market cap of $10.69 billion, a P/E ratio of 14.43 and a beta of 0.96. The stock’s 50-day moving average is $109.01 and its 200-day moving average is $103.73. Vanguard Financials ETF has a 1-year low of $75.71 and a 1-year high of $116.43.

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).