Evergreen Capital Management LLC has increased its investment in the Vanguard Value ETF (NYSEARCA:VTV) by 2.0% during the third quarter of 2023. According to filings with the Securities and Exchange Commission (SEC), the firm acquired an additional 3,504 shares, bringing its total holdings to 181,600 shares. This investment is valued at approximately $34,035,000, making the Vanguard Value ETF the firm’s 20th largest holding, accounting for 0.8% of its overall portfolio.
Investment Activity by Other Firms
The growing interest in the Vanguard Value ETF is mirrored by other investment firms. For instance, Confluence Wealth Services Inc. raised its holdings by 0.7% in the second quarter, now owning 8,663 shares valued at about $1,531,000 after acquiring an additional 57 shares. Similarly, Appleton Partners Inc. MA increased its stake by 3.2% during the same period, now holding 1,920 shares worth $339,000 following the purchase of 60 more shares.
Tillman Hartley LLC also boosted its investment in the Vanguard Value ETF by 0.6%, bringing its total to 9,659 shares valued at approximately $1,707,000. Pursue Wealth Partners LLC expanded its stake by 4.3%, acquiring an additional 60 shares to reach a total of 1,446 shares valued at $256,000. InvesTrust, too, increased its holdings by 1.1% in the third quarter, resulting in ownership of 5,328 shares valued at around $994,000.
Current Trading Status
As of the latest trading session, shares of the Vanguard Value ETF opened at $198.37. The fund has experienced a 12-month range, with a low of $150.43 and a high of $198.98. The ETF boasts a market capitalization of $163.72 billion, a price-to-earnings (P/E) ratio of 18.14, and a beta of 0.82. Its 50-day moving average stands at $191.10, while the two-hundred day moving average is at $185.56.
Understanding Vanguard Value ETF
The Vanguard Value ETF is an exchange-traded fund that operates under a passive management strategy. Specifically designed to track the performance of the MSCI US Prime Market Value Index, it constitutes a diversified index of value stocks predominantly from large-cap U.S. companies. The MSCI US Prime Market 750 Index encompasses a broad spectrum of major companies in the U.S. equity market.
As institutional interest continues to build in the Vanguard Value ETF, the ongoing investment activity reflects confidence in the fund’s strategy and long-term performance potential. Investors and analysts will be closely monitoring future developments and holdings changes across various investment firms.
