New Wave Wealth Advisors LLC Buys Shares of 10,693 Vanguard Value ETF (NYSEARCA:VTV)

New Wave Wealth Advisors LLC purchased a new position in Vanguard Value ETF (NYSEARCA:VTV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,693 shares of the company’s stock, valued at approximately $1,715,000. Vanguard Value ETF comprises about 0.9% of New Wave Wealth Advisors LLC’s holdings, making the stock its 29th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Optimum Investment Advisors purchased a new position in shares of Vanguard Value ETF in the 2nd quarter worth about $28,000. Innealta Capital LLC bought a new position in Vanguard Value ETF during the second quarter valued at approximately $28,000. Vima LLC purchased a new position in shares of Vanguard Value ETF during the fourth quarter worth approximately $30,000. Eagle Bay Advisors LLC bought a new stake in shares of Vanguard Value ETF in the 1st quarter worth approximately $30,000. Finally, MeadowBrook Investment Advisors LLC boosted its stake in shares of Vanguard Value ETF by 111.1% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 190 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter.

Vanguard Value ETF Stock Performance

VTV stock opened at $174.57 on Tuesday. The firm has a market cap of $124.50 billion, a P/E ratio of 17.44 and a beta of 0.70. The firm’s fifty day moving average is $168.80 and its 200 day moving average is $163.44. Vanguard Value ETF has a 52 week low of $131.42 and a 52 week high of $174.92.

Vanguard Value ETF Company Profile

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.