Balentine LLC Trims Stake in Vanguard Large-Cap ETF $VV

Balentine LLC lowered its stake in Vanguard Large-Cap ETF (NYSEARCA:VV) by 79.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 123,658 shares of the company’s stock after selling 480,389 shares during the quarter. Vanguard Large-Cap ETF comprises about 1.4% of Balentine LLC’s holdings, making the stock its 11th biggest position. Balentine LLC’s holdings in Vanguard Large-Cap ETF were worth $38,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Compass Financial Services Inc bought a new stake in Vanguard Large-Cap ETF during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Vanguard Large-Cap ETF in the second quarter worth $30,000. Tripletail Wealth Management LLC bought a new stake in shares of Vanguard Large-Cap ETF during the 3rd quarter valued at $31,000. Evolution Wealth Management Inc. bought a new stake in shares of Vanguard Large-Cap ETF during the 2nd quarter valued at $29,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Vanguard Large-Cap ETF during the 3rd quarter valued at $36,000.

Vanguard Large-Cap ETF Stock Up 0.1%

NYSEARCA VV opened at $313.21 on Tuesday. The business has a 50-day moving average price of $316.90 and a 200-day moving average price of $309.64. The firm has a market cap of $47.00 billion, a price-to-earnings ratio of 24.59 and a beta of 1.01. Vanguard Large-Cap ETF has a twelve month low of $221.40 and a twelve month high of $321.51.

About Vanguard Large-Cap ETF

Vanguard Large-Cap Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The Fund employs a passive management investment approach designed to track the performance of the MSCI US Prime Market 750 Index, a diversified index predominantly made up of stocks of large United States companies. The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.