Allianz SE Takes $21.65 Million Position in Vanguard Financials ETF (NYSEARCA:VFH)

Allianz SE acquired a new position in Vanguard Financials ETF (NYSEARCA:VFH) in the 4th quarter, HoldingsChannel reports. The fund acquired 183,416 shares of the company’s stock, valued at approximately $21,652,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA purchased a new position in Vanguard Financials ETF in the 4th quarter valued at approximately $26,000. Abound Wealth Management grew its position in shares of Vanguard Financials ETF by 379.6% in the fourth quarter. Abound Wealth Management now owns 235 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Vanguard Financials ETF by 45.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock valued at $32,000 after purchasing an additional 90 shares during the period. Kestra Investment Management LLC purchased a new stake in Vanguard Financials ETF during the 4th quarter worth about $35,000. Finally, Heck Capital Advisors LLC bought a new position in Vanguard Financials ETF in the 4th quarter worth about $45,000.

Vanguard Financials ETF Trading Down 2.1 %

Shares of Vanguard Financials ETF stock opened at $118.03 on Friday. The company’s 50-day moving average price is $122.66 and its 200-day moving average price is $118.96. Vanguard Financials ETF has a 12-month low of $95.67 and a 12-month high of $127.67. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 15.58 and a beta of 1.10.

Vanguard Financials ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.5106 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This is a boost from Vanguard Financials ETF’s previous dividend of $0.46.

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).