JPMorgan Chase & Co. Sells 486,860 Shares of Vanguard Financials ETF (NYSEARCA:VFH)

JPMorgan Chase & Co. lowered its holdings in shares of Vanguard Financials ETF (NYSEARCA:VFH) by 52.7% during the 4th quarter, HoldingsChannel reports. The fund owned 437,817 shares of the company’s stock after selling 486,860 shares during the period. JPMorgan Chase & Co.’s holdings in Vanguard Financials ETF were worth $51,693,000 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 business. Ausdal Financial Partners Inc. bought a new position in shares of Vanguard Financials ETF during the fourth quarter valued at $303,000. Financial Counselors Inc. bought a new stake in Vanguard Financials ETF during the 4th quarter valued at about $250,000. Ipsen Advisor Group LLC purchased a new position in Vanguard Financials ETF in the fourth quarter worth about $1,177,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Vanguard Financials ETF in the fourth quarter worth approximately $63,000. Finally, Florida Financial Advisors LLC bought a new position in shares of Vanguard Financials ETF in the fourth quarter worth approximately $231,000.

Vanguard Financials ETF Stock Down 7.1 %

Shares of VFH opened at $105.71 on Friday. Vanguard Financials ETF has a twelve month low of $95.67 and a twelve month high of $127.67. The company has a market capitalization of $10.66 billion, a P/E ratio of 16.30 and a beta of 1.10. The firm has a 50 day moving average of $121.86 and a 200 day moving average of $119.30.

Vanguard Financials ETF Increases Dividend

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

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).