Leeward Financial Partners LLC has raised its investment in the Vanguard Small-Cap ETF (NYSEARCA:VB) by 3.7% during the second quarter of 2023. According to a recent disclosure submitted to the Securities and Exchange Commission, the firm now holds a total of 40,956 shares after acquiring an additional 1,453 shares. This increase positions the Vanguard Small-Cap ETF as the firm’s 10th largest position, accounting for approximately 3.1% of its overall holdings, valued at about $9.7 million.
Several other institutional investors have also adjusted their stakes in the Vanguard Small-Cap ETF, reflecting a trend of increased interest in small-cap investments. For instance, Envestnet Asset Management Inc. boosted its position by 4.3%, now owning 5,176,056 shares worth around $1.23 billion after purchasing an additional 215,390 shares during the quarter.
Additionally, Royal Bank of Canada significantly increased its holdings by 68.3% in the first quarter, bringing its total to 4,972,523 shares, valued at approximately $1.1 billion after acquiring 2,018,325 shares. Other notable increases in holdings include LPL Financial LLC, which raised its position by 1.0%, and Wit LLC, which made a dramatic increase of 254,243.2%, now owning 2,248,394 shares worth around $498.6 million.
The Vanguard Small-Cap ETF opened at $254.99 on the most recent trading day, with a fifty-day moving average of $255.06 and a two-hundred-day moving average of $240.72. Over the past year, the ETF has seen a low of $190.27 and a high of $263.35. The fund currently has a market capitalization of $68.47 billion, a price-to-earnings (P/E) ratio of 18.27, and a beta of 1.10.
Launched on January 26, 2004, the Vanguard Small-Cap ETF tracks the CRSP US Small Cap Index, which includes the bottom 2-15% of the investable universe, making it a key player for investors targeting small-cap equities. The fund’s structure allows it to provide broad exposure to the small-cap market while maintaining a diversified portfolio.
Investors and analysts are closely monitoring these trends as institutional interest in the Vanguard Small-Cap ETF continues to grow. The ongoing adjustments in holdings signal a robust confidence in the potential of small-cap stocks, particularly in the current economic landscape.
For those interested in further details, additional information about institutional holdings and recent trades involving the Vanguard Small-Cap ETF can be found on various financial platforms.
