Assetmark Inc. has significantly increased its holdings in the Vanguard Total International Stock ETF (NASDAQ: VXUS) by 320.1% during the first quarter of 2023. According to HoldingsChannel, this move has resulted in Assetmark owning a total of 2,743 shares after acquiring an additional 2,090 shares in the recent quarter. As of the latest reporting period, these holdings are valued at approximately $170,000.
Other institutional investors have also made notable adjustments to their positions in the Vanguard Total International Stock ETF. For instance, McKinley Carter Wealth Services Inc. established a new position in the ETF, investing $111,627,000 during the first quarter. Additionally, Topsail Wealth Management LLC entered the market in the fourth quarter with a position valued at around $36,048,000.
Another significant player, 3EDGE Asset Management LP, increased its stake by 39.0% during the first quarter, now holding 1,412,617 shares worth about $87,752,000 after adding 396,666 shares. Furthermore, Greenwood Gearhart Inc. boosted its holdings by 112.4% in the fourth quarter, while Wells Fargo & Company MN also raised its position by 12.1% during the same period.
Current Performance and Market Context
On Monday, shares of the Vanguard Total International Stock ETF opened at $68.24, showing a slight decline of 0.3%. The ETF’s market capitalization stands at $94.89 billion, with a price-to-earnings (PE) ratio of 15.99 and a beta of 0.85. Over recent months, the stock has demonstrated stability with a 50-day moving average of $68.56 and a 200-day moving average of $64.63. Its performance has varied within a 12-month range from a low of $54.98 to a high of $71.08.
The Vanguard Total International Stock ETF, launched on January 26, 2011, is designed to track the FTSE Global All Cap ex US Index, which encompasses a broad range of international stocks, covering around 99% of the global market capitalization outside of the United States. Managed by Vanguard, this ETF provides investors with exposure to a diverse portfolio of equities from various regions and sectors.
For those interested in tracking further developments regarding VXUS and its institutional ownership, resources such as HoldingsChannel.com provide up-to-date filings and insider trades.
