Sovereign Financial Group Inc. Acquires New Position in Vanguard Health Care ETF (NYSEARCA:VHT)

Sovereign Financial Group Inc. bought a new position in shares of Vanguard Health Care ETF (NYSEARCA:VHT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,150 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Vanguard Health Care ETF by 137.5% in the third quarter. Envestnet Asset Management Inc. now owns 532,891 shares of the company’s stock valued at $125,283,000 after acquiring an additional 308,478 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Vanguard Health Care ETF in the 4th quarter valued at $76,199,000. Royal Bank of Canada lifted its position in shares of Vanguard Health Care ETF by 55.5% during the 3rd quarter. Royal Bank of Canada now owns 785,047 shares of the company’s stock worth $184,564,000 after purchasing an additional 280,071 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Vanguard Health Care ETF by 2,864.3% during the fourth quarter. Cerity Partners LLC now owns 116,112 shares of the company’s stock worth $29,109,000 after purchasing an additional 112,195 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC purchased a new position in Vanguard Health Care ETF in the fourth quarter valued at $12,247,000.

Vanguard Health Care ETF Stock Performance

Shares of NYSEARCA:VHT traded up $1.90 on Tuesday, hitting $261.06. 115,472 shares of the company’s stock were exchanged, compared to its average volume of 186,584. Vanguard Health Care ETF has a 1-year low of $222.27 and a 1-year high of $271.53. The company has a market capitalization of $17.53 billion, a PE ratio of 23.22 and a beta of 0.61. The firm’s 50-day moving average is $262.51 and its 200 day moving average is $252.93.

Vanguard Health Care ETF Profile

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups.