Kovack Advisors Inc. Sells 11,337 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

Kovack Advisors Inc. cut its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 80.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,806 shares of the company’s stock after selling 11,337 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Financials ETF were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VFH. Wetzel Investment Advisors Inc. acquired a new stake in shares of Vanguard Financials ETF in the 4th quarter valued at $25,000. MCF Advisors LLC bought a new position in Vanguard Financials ETF in the fourth quarter valued at approximately $31,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Vanguard Financials ETF during the 4th quarter worth $32,000. Bfsg LLC bought a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at $39,000. Finally, CVA Family Office LLC acquired a new stake in shares of Vanguard Financials ETF during the fourth quarter worth $52,000.

Vanguard Financials ETF Price Performance

Shares of NYSEARCA:VFH opened at $98.74 on Tuesday. Vanguard Financials ETF has a fifty-two week low of $73.87 and a fifty-two week high of $102.60. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 14.31 and a beta of 0.96. The firm’s 50 day simple moving average is $99.09 and its 200 day simple moving average is $92.04.

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).