Lodestar Private Asset Management LLC has bolstered its investment in the Vanguard Small-Cap ETF (NYSEARCA:VB) by 27.8% in the second quarter of 2023, as indicated in its recent 13F filing with the U.S. Securities and Exchange Commission (SEC). The firm now holds a total of 5,363 shares of the ETF, following the acquisition of an additional 1,165 shares during this period. As per the latest filing, Lodestar’s stake in the Vanguard Small-Cap ETF is valued at approximately $1.271 million.
Other institutional investors have also adjusted their positions in the Vanguard Small-Cap ETF recently. Notably, Inlight Wealth Management LLC established a new position worth $25,000 in the first quarter. Similarly, Arjuna Capital invested approximately $26,000 in the same quarter, while West Branch Capital LLC significantly increased its stake by 384.6%, bringing its total to 126 shares valued at $28,000 after purchasing an additional 100 shares.
In addition, Financial Gravity Asset Management Inc. and Evergreen Private Wealth LLC acquired stakes valued at approximately $30,000 and $31,000, respectively, during the first quarter of 2023.
Recent Performance of Vanguard Small-Cap ETF
As of the latest market activity on Friday, the Vanguard Small-Cap ETF opened at $248.10. The fund’s fifty-day moving average price stands at $251.65, while its two-hundred-day moving average is $236.00. The ETF boasts a market capitalization of $66.62 billion, with a price-to-earnings (P/E) ratio of 18.27 and a beta of 1.14. Over the past year, the ETF has experienced fluctuations, with a low of $190.27 and a high of $263.35.
The Vanguard Small-Cap ETF, which launched on January 26, 2004, is designed to track the CRSP US Small Cap Index. This market-cap-weighted index comprises the bottom 2-15% of the investable universe, making it a key player for investors seeking exposure to small-cap U.S. equities.
In summary, Lodestar Private Asset Management’s increased stake in the Vanguard Small-Cap ETF reflects a broader trend of institutional investment in small-cap funds, highlighting renewed interest in this segment of the market.
