Insiders Bullish on Certain Holdings of VFH
ETF Channel Staff - Thursday, July 13, 9:33 AMA look at the weighted underlying holdings of the Vanguard Financials ETF (VFH) shows an impressive 10.5% of holdings on a weighted basis have experienced insider buying within the past six months.
PNC Financial Services Group (PNC), which makes up 0.95% of the Vanguard Financials ETF (VFH), has seen 4 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $80,983,196 worth of PNC, making it the #25 largest holding. The table below details the recent insider buying activity observed at PNC:
PNC — last trade: $127.23 — Recent Insider Buys:
Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
01/20/2023 |
William S. Demchak |
President/CEO |
6,550 |
$153.38 |
$1,004,639 |
03/13/2023 |
William S. Demchak |
President/CEO |
1,000 |
$129.70 |
$129,698 |
03/15/2023 |
Kieran John Fallon |
Executive Vice President |
1,000 |
$125.45 |
$125,450 |
04/21/2023 |
Joseph Alvarado |
Director |
1,000 |
$123.89 |
$123,895 |
06/07/2023 |
Bryan Scott Salesky |
Director |
400 |
$127.10 |
$50,840 |
And Brown & Brown Inc (BRO), the #57 largest holding among components of the Vanguard Financials ETF (VFH), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $26,062,945 worth of BRO, which represents approximately 0.31% of the ETF's total assets at last check. The recent insider buying activity observed at BRO is detailed in the table below:
BRO — last trade: $68.66 — Recent Insider Buys:
Purchased |
Insider |
Title |
Shares |
Price/Share |
Value |
02/10/2023 |
Lawrence L. Gellerstedt III |
Director |
3,400 |
$57.92 |
$196,928 |
03/15/2023 |
James Charles Hays |
Director |
5,000 |
$53.50 |
$267,500 |
06/21/2023 |
Bronislaw Edmund Masojada |
Director |
4,000 |
$65.78 |
$263,120 |