Truist Financial Corp Sells 44,396 Shares of Vanguard Consumer Staples ETF $VDC

Truist Financial Corp cut its position in Vanguard Consumer Staples ETF (NYSEARCA:VDC) by 57.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 33,361 shares of the company’s stock after selling 44,396 shares during the period. Truist Financial Corp’s holdings in Vanguard Consumer Staples ETF were worth $7,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Capital Management Inc. increased its stake in shares of Vanguard Consumer Staples ETF by 194.7% in the second quarter. Beacon Capital Management Inc. now owns 567,968 shares of the company’s stock valued at $124,385,000 after buying an additional 375,243 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Vanguard Consumer Staples ETF by 39,618.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 268,494 shares of the company’s stock worth $58,800,000 after acquiring an additional 267,818 shares during the last quarter. PGIM Custom Harvest LLC increased its position in Vanguard Consumer Staples ETF by 24.4% in the 2nd quarter. PGIM Custom Harvest LLC now owns 445,234 shares of the company’s stock valued at $97,506,000 after acquiring an additional 87,452 shares during the period. Bank of America Corp DE increased its position in Vanguard Consumer Staples ETF by 1.7% in the 2nd quarter. Bank of America Corp DE now owns 4,015,657 shares of the company’s stock valued at $879,429,000 after acquiring an additional 65,341 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Vanguard Consumer Staples ETF by 17.5% during the second quarter. Osaic Holdings Inc. now owns 152,514 shares of the company’s stock valued at $33,435,000 after acquiring an additional 22,747 shares during the last quarter.

Vanguard Consumer Staples ETF Stock Up 1.4%

NYSEARCA VDC opened at $230.05 on Tuesday. The stock has a fifty day simple moving average of $216.84 and a 200 day simple moving average of $216.33. Vanguard Consumer Staples ETF has a twelve month low of $202.96 and a twelve month high of $230.43. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 22.76 and a beta of 0.56.

Vanguard Consumer Staples ETF Profile

Vanguard Consumer Staples ETF (the Fund) is an exchange-traded share class of Vanguard Consumer Staples Index Fund, which seeks to track the investment performance of the MSCI US Investable Market Consumer Staples 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the consumer staples sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages, and tobacco, as well as producers of nondurable household goods and personal products.