Cornerstone Wealth Advisors Inc. Cuts Holdings in Vanguard Value ETF $VTV

Cornerstone Wealth Advisors Inc. lowered its stake in shares of Vanguard Value ETF (NYSEARCA:VTV) by 3.0% in the third quarter, Holdings Channel reports. The firm owned 173,067 shares of the company’s stock after selling 5,274 shares during the period. Vanguard Value ETF comprises about 7.8% of Cornerstone Wealth Advisors Inc.’s holdings, making the stock its 5th biggest position. Cornerstone Wealth Advisors Inc.’s holdings in Vanguard Value ETF were worth $32,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of Vanguard Value ETF by 2,700.0% in the second quarter. Activest Wealth Management now owns 140 shares of the company’s stock worth $25,000 after buying an additional 135 shares during the last quarter. Kiker Wealth Management LLC bought a new position in Vanguard Value ETF in the 2nd quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in Vanguard Value ETF in the 2nd quarter worth $31,000. Joseph Group Capital Management acquired a new position in Vanguard Value ETF during the 2nd quarter worth $32,000. Finally, Berkshire Money Management Inc. bought a new stake in Vanguard Value ETF during the second quarter valued at about $33,000.

Vanguard Value ETF Stock Performance

Shares of NYSEARCA:VTV opened at $191.90 on Wednesday. The stock’s 50-day moving average is $188.07 and its 200-day moving average is $183.15. The company has a market cap of $153.51 billion, a P/E ratio of 18.14 and a beta of 0.82. Vanguard Value ETF has a 52-week low of $150.43 and a 52-week high of $193.78.

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. The Index represents the value companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of predominantly large-capitalization companies in the United States equity market.