Gray Wealth Management Inc. Sells 2,329 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

Gray Wealth Management Inc. reduced its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,105 shares of the company’s stock after selling 2,329 shares during the period. Vanguard Financials ETF makes up approximately 0.9% of Gray Wealth Management Inc.’s holdings, making the stock its 24th largest holding. Gray Wealth Management Inc.’s holdings in Vanguard Financials ETF were worth $1,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carnegie Capital Asset Management LLC acquired a new position in Vanguard Financials ETF during the fourth quarter worth $218,000. Crestwood Advisors Group LLC grew its holdings in shares of Vanguard Financials ETF by 16.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 5,559 shares of the company’s stock worth $513,000 after purchasing an additional 774 shares during the last quarter. Joseph P. Lucia & Associates LLC acquired a new stake in Vanguard Financials ETF in the 4th quarter valued at about $221,000. Koshinski Asset Management Inc. increased its holdings in shares of Vanguard Financials ETF by 17.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 6,946 shares of the company’s stock valued at $641,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Elm Partners Management LLC lifted its stake in shares of Vanguard Financials ETF by 100.1% during the fourth quarter. Elm Partners Management LLC now owns 6,597 shares of the company’s stock valued at $609,000 after acquiring an additional 3,300 shares during the period.

Vanguard Financials ETF Stock Performance

Vanguard Financials ETF stock traded up $0.37 during trading hours on Thursday, reaching $96.40. 271,872 shares of the company’s stock traded hands, compared to its average volume of 532,710. Vanguard Financials ETF has a fifty-two week low of $73.87 and a fifty-two week high of $102.60. The firm’s 50 day moving average is $98.55 and its 200-day moving average is $90.89. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 14.31 and a beta of 0.96.

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).