Novak & Powell Financial Services Inc. Grows Holdings in Vanguard Value ETF $VTV

Novak & Powell Financial Services Inc. raised its stake in shares of Vanguard Value ETF (NYSEARCA:VTV) by 38.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,259 shares of the company’s stock after purchasing an additional 7,530 shares during the quarter. Vanguard Value ETF makes up about 2.7% of Novak & Powell Financial Services Inc.’s holdings, making the stock its 7th biggest holding. Novak & Powell Financial Services Inc.’s holdings in Vanguard Value ETF were worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Vanguard Value ETF by 4.4% during the 3rd quarter. Bank of America Corp DE now owns 133,808,505 shares of the company’s stock valued at $24,953,948,000 after purchasing an additional 5,667,887 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Vanguard Value ETF by 3.2% in the third quarter. Jones Financial Companies Lllp now owns 53,966,784 shares of the company’s stock worth $10,068,563,000 after buying an additional 1,684,472 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Vanguard Value ETF by 5.3% in the third quarter. Envestnet Asset Management Inc. now owns 21,895,965 shares of the company’s stock worth $4,083,379,000 after buying an additional 1,103,718 shares during the period. Ameriprise Financial Inc. boosted its position in Vanguard Value ETF by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,112,521 shares of the company’s stock valued at $2,072,160,000 after acquiring an additional 479,866 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Vanguard Value ETF by 6.4% during the 3rd quarter. Raymond James Financial Inc. now owns 7,922,686 shares of the company’s stock valued at $1,477,502,000 after acquiring an additional 476,101 shares in the last quarter.

Vanguard Value ETF Stock Performance

VTV stock opened at $198.77 on Tuesday. Vanguard Value ETF has a fifty-two week low of $150.43 and a fifty-two week high of $208.20. The company has a market capitalization of $164.05 billion, a price-to-earnings ratio of 18.14 and a beta of 0.82. The business’s 50 day moving average price is $201.49 and its two-hundred day moving average price is $192.37.

About Vanguard Value ETF

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. The Index represents the value companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of predominantly large-capitalization companies in the United States equity market.