Richmond Investment Services LLC Invests $2.37 Million in Vanguard Value ETF (NYSEARCA:VTV)

Richmond Investment Services LLC acquired a new position in Vanguard Value ETF (NYSEARCA:VTV) during the fourth quarter, Holdings Channel.com reports. The firm acquired 13,999 shares of the company’s stock, valued at approximately $2,370,000. Vanguard Value ETF comprises 1.3% of Richmond Investment Services LLC’s holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delta Financial Group Inc. acquired a new stake in shares of Vanguard Value ETF in the fourth quarter worth $8,147,000. Bragg Financial Advisors Inc increased its stake in shares of Vanguard Value ETF by 2.6% in the fourth quarter. Bragg Financial Advisors Inc now owns 145,058 shares of the company’s stock worth $24,558,000 after acquiring an additional 3,695 shares during the period. Capital Management Associates Inc increased its stake in shares of Vanguard Value ETF by 17.0% in the fourth quarter. Capital Management Associates Inc now owns 6,173 shares of the company’s stock worth $1,045,000 after acquiring an additional 897 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Vanguard Value ETF by 6.3% in the fourth quarter. Ameriprise Financial Inc. now owns 10,151,994 shares of the company’s stock worth $1,719,223,000 after acquiring an additional 601,539 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Vanguard Value ETF in the fourth quarter worth $48,000.

Vanguard Value ETF Stock Performance

VTV stock opened at $169.04 on Friday. The firm has a market cap of $268.77 billion, a PE ratio of 18.83 and a beta of 0.83. The firm’s fifty day moving average is $166.97 and its 200 day moving average is $172.31. Vanguard Value ETF has a one year low of $150.43 and a one year high of $182.38.

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.