Fiduciary Wealth Partners LLC has significantly reduced its investment in the Vanguard Small-Cap ETF (NYSEARCA: VB), cutting its stake by 60.2% during the second quarter of 2023. According to the firm’s most recent Form 13F filing with the Securities and Exchange Commission, Fiduciary Wealth Partners sold 32,611 shares, leaving it with 21,566 shares of the ETF, which now makes up approximately 4.8% of its investment portfolio.
As of its latest filing, the value of Fiduciary Wealth Partners’ holdings in the Vanguard Small-Cap ETF stands at $5,111,000. This reduction marks a notable shift in the firm’s investment strategy, as the ETF is now its fifth largest holding.
Several other institutional investors have also adjusted their positions in the Vanguard Small-Cap ETF. For instance, Bar Harbor Wealth Management increased its stake by 2.3% in the second quarter, now holding 1,905 shares valued at $451,000 after acquiring an additional 42 shares. Similarly, USAdvisors Wealth Management LLC raised its stake by 0.7%, bringing its total to 6,153 shares worth $1,459,000, following the purchase of 43 shares.
In addition, Schrum Private Wealth Management LLC also increased its holdings by 0.7%, now owning 5,938 shares valued at $1,407,000. Means Investment CO. Inc. and Aspen Capital Management LLC have also made modest increases of 3.0% and 3.2%, respectively, with both firms acquiring additional shares of the ETF during the same quarter.
Current Performance of Vanguard Small-Cap ETF
As of the latest trading session, the Vanguard Small-Cap ETF opened at $258.83. The ETF boasts a market capitalization of $69.50 billion, a price-to-earnings ratio of 18.27, and a beta of 1.14. Over the past year, the ETF has registered a low of $190.27 and a high of $263.35. Currently, it has a fifty-day simple moving average of $254.14 and a 200-day simple moving average of $239.05.
Launched on January 26, 2004, the Vanguard Small-Cap ETF is designed to track the CRSP US Small Cap Index, which includes the bottom 2-15% of the investable universe. This market-cap-weighted index provides investors exposure to small-cap U.S. equities, making it a popular choice among institutional and retail investors alike.
For those interested in tracking the activities of hedge funds and investment firms holding shares of the Vanguard Small-Cap ETF, HoldingsChannel.com offers updates on the latest 13F filings and insider trades.
