Covenant Asset Management LLC Lowers Stock Holdings in Vanguard Value ETF (NYSEARCA:VTV)

Covenant Asset Management LLC trimmed its position in shares of Vanguard Value ETF (NYSEARCA:VTV) by 3.5% in the third quarter, HoldingsChannel.com reports. The fund owned 11,505 shares of the company’s stock after selling 414 shares during the period. Covenant Asset Management LLC’s holdings in Vanguard Value ETF were worth $2,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Vanguard Value ETF by 170,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 20,325,139 shares of the company’s stock valued at $3,548,160,000 after purchasing an additional 20,313,200 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Vanguard Value ETF by 26,320.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,684,011 shares of the company’s stock worth $430,542,000 after buying an additional 2,673,852 shares during the last quarter. Cetera Investment Advisers grew its stake in Vanguard Value ETF by 179.7% during the 1st quarter. Cetera Investment Advisers now owns 2,185,380 shares of the company’s stock worth $355,911,000 after buying an additional 1,404,141 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Vanguard Value ETF during the 2nd quarter worth approximately $183,842,000. Finally, Retirement Investment Advisors Inc. purchased a new position in Vanguard Value ETF during the 2nd quarter worth approximately $175,884,000.

Vanguard Value ETF Stock Up 1.2 %

NYSEARCA:VTV opened at $178.77 on Friday. The stock’s 50 day moving average price is $175.09 and its 200 day moving average price is $167.81. The company has a market capitalization of $127.50 billion, a PE ratio of 17.44 and a beta of 0.70. Vanguard Value ETF has a 52-week low of $141.31 and a 52-week high of $180.06.

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.