Stephens Consulting LLC has decreased its stake in the Vanguard Value ETF (NYSEARCA: VTV) by a significant margin of 43.8% during the third quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, Stephens now holds 115,509 shares after selling 89,896 shares during this period. The Vanguard Value ETF now accounts for 7.4% of Stephens Consulting’s investment portfolio, establishing it as the company’s fifth largest holding.
As of the most recent filing, the value of Stephens Consulting’s holdings in Vanguard Value ETF was approximately $21.5 million. Other institutional investors have also made adjustments to their positions in the fund. For instance, Wilmington Savings Fund Society FSB increased its stake by 18.3% in the second quarter, now owning 59,058 shares valued at about $10.4 million after acquiring an additional 9,135 shares.
Bridges Investment Management Inc. also reported a modest increase of 1.4% in its holdings during the same quarter, bringing its total to 11,679 shares valued at $2.06 million. Additionally, Financial Advisory Corp raised its position by 4.1% during the third quarter, now owning 225,945 shares worth approximately $42.1 million after an increase of 8,984 shares.
In another move, Accredited Investors Inc. grew its stake in the Vanguard Value ETF by 6.2% in the second quarter, now holding 473,269 shares valued at about $83.6 million. Finally, Geneos Wealth Management Inc. expanded its holdings by 9.3% during the same period, resulting in a total of 80,195 shares worth approximately $14.2 million.
Vanguard Value ETF Market Performance
On the trading front, shares of Vanguard Value ETF opened at $192.87 on Thursday, reflecting a solid performance in the market. The fund has a 50-day moving average of $188.20 and a 200-day moving average of $183.22. With a market capitalization of $154.29 billion, the ETF boasts a price-to-earnings ratio of 18.14 and a beta of 0.82. Over the past year, the ETF has experienced a low of $150.43 and a high of $193.78.
The Vanguard Value ETF operates as an exchange-traded share class of the Vanguard Value Index Fund, utilizing a passive management strategy aimed at mirroring the MSCI US Prime Market Value Index. This index consists mainly of value stocks from large-cap U.S. companies, providing investors with exposure to a diversified array of value-oriented stocks.
For those interested in further details regarding other hedge funds’ holdings in the Vanguard Value ETF, resources like HoldingsChannel.com provide updates on the latest 13F filings and insider trades related to this investment vehicle.
