First American Trust FSB cut its position in shares of Vanguard Value ETF (NYSEARCA:VTV) by 20.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 231,713 shares of the company’s stock after selling 60,146 shares during the quarter. Vanguard Value ETF comprises 5.7% of First American Trust FSB’s holdings, making the stock its 3rd biggest position. First American Trust FSB’s holdings in Vanguard Value ETF were worth $24,059,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in VTV. LPL Financial LLC lifted its stake in Vanguard Value ETF by 71.0% during the fourth quarter. LPL Financial LLC now owns 2,728,602 shares of the company’s stock worth $290,105,000 after purchasing an additional 1,132,613 shares during the period. Jones Financial Companies Lllp lifted its stake in Vanguard Value ETF by 4.0% during the fourth quarter. Jones Financial Companies Lllp now owns 29,722,746 shares of the company’s stock worth $3,160,122,000 after purchasing an additional 1,130,694 shares during the period. UBS Group AG lifted its stake in Vanguard Value ETF by 7.8% during the first quarter. UBS Group AG now owns 14,448,776 shares of the company’s stock worth $1,490,825,000 after purchasing an additional 1,050,558 shares during the period. Royal Bank of Canada lifted its stake in Vanguard Value ETF by 103.4% during the first quarter. Royal Bank of Canada now owns 2,030,987 shares of the company’s stock worth $209,558,000 after purchasing an additional 1,032,673 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in Vanguard Value ETF during the fourth quarter worth about $59,400,000.
Vanguard Value ETF traded up $0.76, reaching $105.33, during midday trading on Friday, according to Marketbeat. 28,842 shares of the company’s stock were exchanged, compared to its average volume of 1,640,633. Vanguard Value ETF has a one year low of $96.02 and a one year high of $113.46.
About Vanguard Value ETF
Vanguard Value ETF (the Fund) is an exchange-traded share class of Vanguard Value Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Prime Market Value Index (the Index). The Index is a diversified index of value stocks of predominantly large United States companies.
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