Wealthfront Advisers LLC has increased its stake in the Vanguard Small-Cap ETF (NYSEARCA: VB) by 0.9% during the second quarter of 2023, according to HoldingsChannel. The firm now holds a total of 1,467,855 shares after acquiring an additional 13,004 shares in this period. This investment represents approximately 0.9% of Wealthfront’s overall portfolio, positioning the Vanguard Small-Cap ETF as the firm’s 22nd largest holding, valued at approximately $347.85 million.
In addition to Wealthfront, several institutional investors have adjusted their positions in the Vanguard Small-Cap ETF. For instance, Arjuna Capital established a new stake valued at about $26,000 in the first quarter. Similarly, Financial Gravity Asset Management Inc. and Evergreen Private Wealth LLC each purchased new stakes worth approximately $30,000 and $31,000, respectively. Furthermore, Financial Network Wealth Advisors LLC and Allspring Global Investments Holdings LLC also entered the market with stakes worth around $31,000 and $33,000 in the same quarter.
Current Performance of Vanguard Small-Cap ETF
As of the latest trading session, shares of the Vanguard Small-Cap ETF opened at $258.83. The ETF has shown a modest increase of 0.7% recently, reflecting ongoing investor interest. The fund’s 50-day moving average stands at $254.14, while its 200-day moving average is $239.05. Over the past year, the ETF has experienced a low of $190.27 and a high of $263.35.
The Vanguard Small-Cap ETF is an exchange-traded fund that tracks the CRSP US Small Cap Index. This index includes the smallest 2-15% of publicly traded companies in the United States, providing investors with exposure to a diverse range of small-cap stocks. Launched on January 26, 2004, the fund is managed by Vanguard, a well-respected name in the investment management industry.
With a market capitalization of approximately $69.50 billion, the Vanguard Small-Cap ETF has become a significant player in the ETF market, characterized by a price-to-earnings ratio of 18.27 and a beta of 1.14, indicating its volatility compared to the broader market.
As the investment landscape continues to evolve, the movements of institutional investors like Wealthfront Advisers LLC highlight ongoing interest in small-cap equities. For those looking to stay informed about further developments, HoldingsChannel provides updates on the latest 13F filings and insider trades related to the Vanguard Small-Cap ETF.
