Ameriprise Financial Inc. Increases Holdings in Vanguard Financials ETF

Ameriprise Financial Inc. has strategically augmented its investment in Vanguard Financials ETF (VFH), boosting its shareholdings by 5.4% during the third quarter, as per the recent SEC filings. This purchase translates to an addition of 26,424 shares, bringing Ameriprise Financial Inc.'s total ownership to 519,967 shares, which had a market value of approximately $41.54 million at the last reporting period's closure.

Broader Market Move

The adjustment in stake by Ameriprise Financial Inc. reflects a broader trend among institutional investors and hedge funds modifying their positions in the ETF. Brown Advisory Inc. raised its stake by 2.2% in the fourth quarter, Geneos Wealth Management Inc. by a notable 9.8% in the third quarter, Kestra Private Wealth Services LLC by 1.1%, Keeley Teton Advisors LLC by 0.3%, and Avalon Investment & Advisory increased theirs by 2.7% during the first quarter.

Vanguard Financials ETF Performance

VFH's trading price has been on the rise, with the stock opening at $99.42 on a recent Wednesday. The ETF has achieved a 12-month high of $99.67 and a low of $73.25, indicating a stable market performance with a beta of 1.09. The ETF holds a market capitalization of $9.69 billion and trades with a price-to-earnings (P/E) ratio of 12.10. It also follows a 50-day simple moving average of $94.84 and a 200-day average of $87.86, signifying sound long-term investment returns.

Understanding Vanguard Financials ETF

Vanguard Financials ETF operates as an exchange-traded share class of the Vanguard Financials Index Fund that aims to replicate the performance of the MSCI US Investable Market Financials Index. This index represents a wide range of U.S. companies within the financial sector, across various capitalization levels.

Investor Resources

Investors and analysts interested in tracking hedge fund positions and insider trades in VFH can access such information through financial databases and websites that compile SEC filings.

In an ever-evolving financial market, investors continually seek updated information on ETFs like VFH for potential inclusion in their portfolios. Daily newsletters and online platforms provide valuable insights and ratings that help inform investment decisions.

Ameriprise, Vanguard, ETF