Investment firm HBK Sorce Advisory LLC has reduced its holdings in the Vanguard Small-Cap Value ETF (NYSEARCA: VBR) by 34.9% during the second quarter of 2023. This decision was disclosed in a recent filing with the Securities and Exchange Commission. Following the sale of 1,135 shares, the firm now owns a total of 2,118 shares, valued at approximately $413,000.
Several other institutional investors have also made notable adjustments to their positions in the Vanguard Small-Cap Value ETF. For instance, Blume Capital Management Inc. acquired a new stake worth about $29,000 during the second quarter. Similarly, Wayfinding Financial LLC entered the market with a stake valued at roughly $35,000 in the first quarter.
In another significant move, JNBA Financial Advisors increased its position by 137.2% in the second quarter, now holding 204 shares valued at $40,000 after purchasing an additional 118 shares. Additionally, Clearstead Trust LLC boosted its stake by an impressive 388.2% during the first quarter, owning 249 shares worth $46,000 following its purchase of 198 shares. Lastly, Financial Gravity Asset Management Inc. invested approximately $48,000 to acquire a new stake in the ETF during the first quarter.
Current Performance of Vanguard Small-Cap Value ETF
The Vanguard Small-Cap Value ETF has seen a 0.5% increase in stock price, opening at $206.51 on Friday. Over the past year, the ETF has experienced a low of $160.23 and a high of $219.01. With a market capitalization of $31.05 billion, the ETF maintains a price-to-earnings (PE) ratio of 14.99 and a beta of 1.05. The stock’s 50-day moving average stands at $208.71, while the 200-day moving average is at $198.36.
The Vanguard Small-Cap Value ETF is designed to track the performance of the MSCI US Small Cap Value Index, a diversified index of value stocks from smaller companies in the United States. This passive management approach is intended to offer investors exposure to the small-cap sector while aligning with value investment principles.
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