Summit Financial LLC Buys 28,169 Shares of Vanguard Value ETF (NYSEARCA:VTV)

Summit Financial LLC raised its stake in Vanguard Value ETF (NYSEARCA:VTV) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 419,398 shares of the company’s stock after buying an additional 28,169 shares during the period. Vanguard Value ETF comprises about 2.5% of Summit Financial LLC’s portfolio, making the stock its 5th biggest position. Summit Financial LLC’s holdings in Vanguard Value ETF were worth $71,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VTV. Roble Belko & Company Inc acquired a new stake in Vanguard Value ETF during the 4th quarter valued at approximately $25,000. SYM FINANCIAL Corp boosted its stake in shares of Vanguard Value ETF by 140.3% in the 4th quarter. SYM FINANCIAL Corp now owns 161 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Vanguard Value ETF during the fourth quarter worth $27,000. Synergy Asset Management LLC bought a new position in Vanguard Value ETF during the fourth quarter worth $31,000. Finally, Kieckhefer Group LLC acquired a new position in Vanguard Value ETF in the fourth quarter valued at $32,000.

Vanguard Value ETF Trading Down 1.2 %

Shares of Vanguard Value ETF stock opened at $170.83 on Monday. The business has a 50-day moving average price of $175.29 and a two-hundred day moving average price of $174.77. Vanguard Value ETF has a 1-year low of $154.12 and a 1-year high of $182.38. The company has a market cap of $271.62 billion, a P/E ratio of 19.23 and a beta of 0.88.

Vanguard Value ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $1.013 per share. The ex-dividend date of this dividend is Thursday, March 27th.

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.