Brookstone Capital Management Reduces Its Holdings in Vanguard Large-Cap ETF

Brookstone Capital Management has announced a reduction in its investment in the Vanguard Large-Cap ETF (NYSEARCA:VV – Free Report). In the third quarter, the firm decreased its stake by 1.9%, as revealed in its latest Form 13F filing with the Securities and Exchange Commission. Following this change, Brookstone Capital Management now holds 2,622 shares of the ETF after selling 51 shares during this period. At the conclusion of the third quarter, the value of its holdings in the Vanguard Large-Cap ETF was estimated at approximately $690,000.

Several other institutional investors have also made adjustments to their investments in the Vanguard Large-Cap ETF, indicating a broader interest in these shares. For instance, Strategic Financial Concepts LLC significantly increased its holdings by an extraordinary 24,303.0% in the second quarter. After adding 2,437,349 shares, Strategic Financial Concepts now possesses a staggering 2,447,378 shares, valued at around $610,914,000.

Additionally, TIAA Trust National Association bolstered its stake in the ETF by 122.8% in the first quarter, now owning 1,069,270 shares worth approximately $256,368,000 after acquiring 589,319 more shares. Another firm, Mason & Associates LLC, entered the market with a new position in the ETF valued at about $103,422,000 in the second quarter. In the same spirit, Cetera Investment Advisers increased its stake dramatically by 3,158.9% during the first quarter, bringing its total to 391,693 shares, which are valued at approximately $93,912,000 after purchasing an additional 379,674 shares.

Moreover, Addis & Hill Inc also entered the market with a fresh stake in the Vanguard Large-Cap ETF in the fourth quarter, valued at around $42,273,000. These movements by various institutions reflect ongoing adjustments in the investor landscape surrounding the Vanguard Large-Cap ETF.

Current Stock Performance

As of recent trading sessions, the Vanguard Large-Cap ETF opened at $266.00. The ETF’s 50-day moving average stands at $255.88, while the 200-day moving average is set at $247.90. The Vanguard Large-Cap ETF has a market capitalization of $38.24 billion, a price-to-earnings ratio of 25.46, and a beta value of 1.01. Over the past year, the stock reached a low of $187.49 and a peak of $266.42, highlighting some volatility in its performance.

About Vanguard Large-Cap ETF

The Vanguard Large-Cap Index Fund, commonly referred to as the Fund, is aimed at tracking the performance of a benchmark index that reflects the investment return of large-capitalization stocks. Utilizing a passive management investment strategy, the Fund is designed to follow the MSCI US Prime Market 750 Index, which consists mostly of shares from large U.S. companies. This approach caters to investors looking for exposure to significant, established firms in the market.

investment, ETF, stocks