Kovack Advisors Inc. Buys 93 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

Kovack Advisors Inc. raised its stake in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,511 shares of the company’s stock after purchasing an additional 93 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Financials ETF were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC increased its holdings in Vanguard Financials ETF by 9.1% in the 2nd quarter. LPL Financial LLC now owns 652,973 shares of the company’s stock worth $65,219,000 after acquiring an additional 54,206 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position 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 purchasing an additional 25,730 shares during the period. Raymond James & Associates lifted 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 buying an additional 40,730 shares in the last quarter. Cetera Investment Advisers lifted 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 buying an additional 342,131 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Financials ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 254,006 shares of the company’s stock worth $25,370,000 after buying an additional 17,027 shares during the period.

Vanguard Financials ETF Stock Down 0.3 %

NYSEARCA:VFH opened at $121.66 on Friday. The business’s 50-day simple moving average is $112.58 and its two-hundred day simple moving average is $106.09. Vanguard Financials ETF has a 52 week low of $83.70 and a 52 week high of $123.31. The stock has a market cap of $11.21 billion, a PE ratio of 14.43 and a beta of 0.96.

About Vanguard Financials ETF

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).