Synovus Financial Corp Boosts Stake in Vanguard Financials ETF (NYSEARCA:VFH)

Synovus Financial Corp lifted its stake in Vanguard Financials ETF (NYSEARCA:VFH) by 97.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 443,222 shares of the company’s stock after acquiring an additional 219,120 shares during the period. Vanguard Financials ETF accounts for 0.6% of Synovus Financial Corp’s portfolio, making the stock its 27th largest position. Synovus Financial Corp’s holdings in Vanguard Financials ETF were worth $48,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Family Firm Inc. bought a new position in Vanguard Financials ETF in the second quarter worth about $25,000. Rothschild Investment LLC bought a new position in shares of Vanguard Financials ETF during the 2nd quarter worth approximately $29,000. Brown Brothers Harriman & Co. lifted its position in Vanguard Financials ETF by 45.0% during the third quarter. Brown Brothers Harriman & Co. now owns 290 shares of the company’s stock valued at $32,000 after acquiring an additional 90 shares during the last quarter. Rosenberg Matthew Hamilton acquired a new stake in Vanguard Financials ETF in the second quarter valued at approximately $43,000. Finally, Larson Financial Group LLC grew its holdings in Vanguard Financials ETF by 350.0% in the second quarter. Larson Financial Group LLC now owns 450 shares of the company’s stock worth $45,000 after purchasing an additional 350 shares during the last quarter.

Vanguard Financials ETF Price Performance

Shares of VFH stock opened at $122.21 on Friday. The stock’s fifty day moving average price is $118.76 and its 200 day moving average price is $109.42. Vanguard Financials ETF has a 1-year low of $89.13 and a 1-year high of $126.85. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 14.43 and a beta of 0.96.

Vanguard Financials ETF Company 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).