Assetmark Inc. significantly increased its investment in the Vanguard Total International Stock ETF (NASDAQ: VXUS) by acquiring an additional 42,922 shares during the third quarter of 2023. This acquisition raised Assetmark’s total holdings to 55,466 shares, representing a remarkable increase of 342.2%. As of the end of the reporting period, these holdings were valued at approximately $4,075,000, according to a recent filing with the Securities and Exchange Commission.
The Vanguard Total International Stock ETF has attracted interest from several other investors as well. For instance, TD Private Client Wealth LLC established a new stake in VXUS valued at around $25,000 during the same quarter. Similarly, Caldwell Trust Co acquired a new position in the ETF worth about $29,000, while Private Wealth Management Group LLC invested approximately $32,000 in the third quarter.
Additionally, Concord Wealth Partners expanded its holdings in the ETF by 176.8%, now owning 465 shares valued at $34,000 after increasing its stake by 297 shares last quarter. Gould Capital LLC also joined the ranks of new investors in the second quarter, acquiring shares valued at around $34,000.
Current Market Performance and Overview
As of Wednesday, shares of VXUS opened at $82.23. The ETF has shown notable fluctuations over the past year, with a 12-month low of $54.98 and a 12-month high reaching $83.26. The stock’s market capitalization stands at approximately $131.64 billion, with a price-to-earnings ratio of 15.99 and a beta of 0.79.
The Vanguard Total International Stock ETF, which began trading on January 26, 2011, is designed to track the FTSE Global All Cap ex US index. This index encompasses a wide array of global stocks, capturing about 99% of the global market capitalization outside the United States. Managed by Vanguard, the ETF aims to provide investors with diversified exposure to international equity markets.
Investors continue to keep a close eye on VXUS as it reflects broader trends in the international stock market and serves as a key component for diversified investment portfolios. The recent influx of investment from firms like Assetmark Inc. signals growing confidence in the performance of international equities, particularly in a climate where many investors seek to expand their geographical exposure.
