Mainstream Capital Management LLC Purchases Shares of 4,445 Vanguard Financials ETF (NYSEARCA:VFH)

Mainstream Capital Management LLC acquired a new stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) in the third quarter, HoldingsChannel reports. The institutional investor acquired 4,445 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of Vanguard Financials ETF by 9.1% during the 2nd quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock valued at $65,219,000 after acquiring an additional 54,206 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Vanguard Financials ETF by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 600,815 shares of the company’s stock valued at $60,009,000 after acquiring an additional 25,730 shares during the period. Raymond James & Associates grew its stake in shares of Vanguard Financials ETF by 9.4% during the 2nd quarter. Raymond James & Associates now owns 471,964 shares of the company’s stock valued at $47,140,000 after acquiring an additional 40,730 shares during the period. Cetera Investment Advisers grew its stake in shares of Vanguard Financials ETF by 702.9% during the 1st quarter. Cetera Investment Advisers now owns 390,808 shares of the company’s stock valued at $40,015,000 after acquiring an additional 342,131 shares during the period. Finally, KCM Investment Advisors LLC grew its stake in shares of Vanguard Financials ETF by 3.9% during the 1st quarter. KCM Investment Advisors LLC now owns 356,950 shares of the company’s stock valued at $36,548,000 after acquiring an additional 13,357 shares during the period.

Vanguard Financials ETF Trading Down 1.7 %

Shares of NYSEARCA:VFH opened at $119.48 on Friday. The stock has a 50 day moving average of $111.65 and a 200 day moving average of $105.42. The company has a market cap of $11.01 billion, a PE ratio of 14.43 and a beta of 0.96. Vanguard Financials ETF has a 12-month low of $80.78 and a 12-month high of $121.75.

Vanguard Financials ETF Company 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).