LCM Capital Management Inc Cuts Position in Vanguard Financials ETF (NYSEARCA:VFH)

LCM Capital Management Inc decreased its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 57,372 shares of the company’s stock after selling 884 shares during the quarter. Vanguard Financials ETF comprises 3.8% of LCM Capital Management Inc’s holdings, making the stock its 7th largest position. LCM Capital Management Inc’s holdings in Vanguard Financials ETF were worth $5,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VFH. Wetzel Investment Advisors Inc. bought a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at about $25,000. MCF Advisors LLC bought a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at about $31,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at about $32,000. Bfsg LLC bought a new position in Vanguard Financials ETF in the fourth quarter worth approximately $39,000. Finally, Balentine LLC bought a new position in Vanguard Financials ETF in the third quarter worth approximately $49,000.

Vanguard Financials ETF Stock Down 1.1 %

NYSEARCA:VFH traded down $1.08 on Tuesday, hitting $97.66. The stock had a trading volume of 235,418 shares, compared to its average volume of 511,752. The business’s fifty day moving average is $99.13 and its 200 day moving average is $92.16. The company has a market cap of $9.00 billion, a PE ratio of 14.31 and a beta of 0.96. Vanguard Financials ETF has a 52 week low of $73.87 and a 52 week high of $102.60.

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).