Brookstone Capital Management Reduces Stake in Vanguard Large-Cap ETF

Brookstone Capital Management has reduced its investment in the Vanguard Large-Cap ETF (NYSEARCA:VV) by 1.9% during the third quarter, as reported in the firm’s latest Form 13F filing with the Securities and Exchange Commission. After selling 51 shares in this period, the institutional investor now holds a total of 2,622 shares in the ETF. At the conclusion of the most recent quarter, Brookstone Capital Management's stake in Vanguard Large-Cap ETF was valued at approximately $690,000.

Other institutional investors have also adjusted their holdings in the ETF. For instance, Strategic Financial Concepts LLC significantly increased its position by 24,303.0% during the second quarter, acquiring 2,437,349 additional shares and bringing its total ownership to 2,447,378 shares, which are now valued at $610,914,000. Additionally, TIAA Trust National Association raised its stake by 122.8% in the first quarter, now owning 1,069,270 shares valued at about $256,368,000 after acquiring 589,319 shares in the last quarter.

Mason & Associates LLC also made a move in the second quarter by purchasing a new position in the ETF worth around $103,422,000. Similarly, Cetera Investment Advisers increased its position dramatically by 3,158.9% during the first quarter, resulting in ownership of 391,693 shares valued at $93,912,000 after adding 379,674 shares. Addis & Hill Inc completed this trend by taking a new position in the ETF in the fourth quarter, with a valuation of approximately $42,273,000.

Performance of Vanguard Large-Cap ETF

The Vanguard Large-Cap ETF stock opened at $266.00 on the day of reporting. Over recent periods, the ETF’s 50-day moving average is recorded at $255.88, while the 200-day moving average stands at $247.90. The ETF currently has a total market capitalization of $38.24 billion, a price-to-earnings ratio of 25.46, and a beta of 1.01. The stock has seen a one-year low of $187.49 and a one-year high of $266.42.

Understanding Vanguard Large-Cap ETF

The Vanguard Large-Cap Index Fund aims to mirror the performance of a benchmark index that reflects the investment returns of large-capitalization stocks. The fund employs a passive management strategy designed to track the MSCI US Prime Market 750 Index, consisting predominantly of stocks from large U.S. companies.

investment, stocks, ETF