Novem Group Makes New Investment in Vanguard Value ETF (NYSEARCA:VTV)

Novem Group bought a new position in shares of Vanguard Value ETF (NYSEARCA:VTV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,536 shares of the company’s stock, valued at approximately $13,973,000. Vanguard Value ETF makes up approximately 2.0% of Novem Group’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE boosted its position in Vanguard Value ETF by 1.7% during the fourth quarter. Bank of America Corp DE now owns 120,257,838 shares of the company’s stock worth $20,359,652,000 after purchasing an additional 1,952,615 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Vanguard Value ETF by 3.2% in the fourth quarter. Jones Financial Companies Lllp now owns 53,858,087 shares of the company’s stock valued at $9,118,174,000 after buying an additional 1,672,314 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Value ETF by 1.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 20,106,381 shares of the company’s stock worth $3,404,010,000 after buying an additional 311,671 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Vanguard Value ETF by 6.3% during the 4th quarter. Ameriprise Financial Inc. now owns 10,151,994 shares of the company’s stock valued at $1,719,223,000 after buying an additional 601,539 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Vanguard Value ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 9,542,614 shares of the company’s stock valued at $1,615,565,000 after acquiring an additional 154,064 shares during the period.

Vanguard Value ETF Stock Down 0.2%

VTV opened at $172.98 on Wednesday. The firm’s fifty day simple moving average is $167.16 and its two-hundred day simple moving average is $172.38. Vanguard Value ETF has a 52-week low of $150.43 and a 52-week high of $182.38. The company has a market cap of $275.04 billion, a price-to-earnings ratio of 18.83 and a beta of 0.83.

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.