Institute for Wealth Management LLC. Trims Stock Holdings in Vanguard Value ETF (NYSEARCA:VTV)

Institute for Wealth Management LLC. lowered its position in Vanguard Value ETF (NYSEARCA:VTV) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,282 shares of the company’s stock after selling 127 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Value ETF were worth $640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VTV. Moneta Group Investment Advisors LLC grew its stake in Vanguard Value ETF by 108,780.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 756,943,008 shares of the company’s stock worth $106,252,090,000 after purchasing an additional 756,247,802 shares in the last quarter. TIAA Trust National Association bought a new position in Vanguard Value ETF in the third quarter worth approximately $761,205,000. Charles Schwab Investment Management Inc. bought a new position in Vanguard Value ETF in the third quarter worth approximately $394,858,000. EP Wealth Advisors LLC grew its stake in Vanguard Value ETF by 3,419.2% in the third quarter. EP Wealth Advisors LLC now owns 2,392,839 shares of the company’s stock worth $330,044,000 after purchasing an additional 2,324,846 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Vanguard Value ETF by 464.1% in the third quarter. Avantax Advisory Services Inc. now owns 2,054,484 shares of the company’s stock worth $283,375,000 after purchasing an additional 1,690,253 shares in the last quarter.

Vanguard Value ETF Trading Up 0.7 %

Shares of NYSEARCA VTV opened at $155.96 on Friday. The stock has a market capitalization of $111.23 billion, a PE ratio of 17.38 and a beta of 0.73. The stock’s fifty day simple moving average is $157.67 and its two-hundred day simple moving average is $148.69. Vanguard Value ETF has a 12-month low of $131.42 and a 12-month high of $163.30.

Vanguard Value ETF Profile

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.