Bank of New York Mellon Corp Reduces Stake in Vanguard Value ETF $VTV

Bank of New York Mellon Corp reduced its stake in shares of Vanguard Value ETF (NYSEARCA:VTV) by 12.1% during the 1st quarter, HoldingsChannel reports. The fund owned 3,074,772 shares of the company’s stock after selling 422,361 shares during the period. Bank of New York Mellon Corp’s holdings in Vanguard Value ETF were worth $603,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Align Financial LLC purchased a new position in shares of Vanguard Value ETF in the 4th quarter worth approximately $2,128,845,000. Valpey Financial Services LLC raised its holdings in Vanguard Value ETF by 19,007.8% during the 4th quarter. Valpey Financial Services LLC now owns 8,389,106 shares of the company’s stock valued at $1,602,235,000 after buying an additional 8,345,202 shares during the period. EP Wealth Advisors LLC purchased a new stake in Vanguard Value ETF during the 4th quarter valued at $1,511,860,000. Balentine LLC lifted its position in Vanguard Value ETF by 12,803.4% in the first quarter. Balentine LLC now owns 2,846,109 shares of the company’s stock worth $558,407,000 after buying an additional 2,824,052 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Vanguard Value ETF by 1.7% during the fourth quarter. Bank of America Corp DE now owns 136,148,963 shares of the company’s stock worth $26,003,090,000 after buying an additional 2,340,458 shares during the period.

Vanguard Value ETF Stock Up 0.6%

VTV stock opened at $218.86 on Friday. Vanguard Value ETF has a twelve month low of $174.35 and a twelve month high of $222.15. The stock has a market capitalization of $186.83 billion, a price-to-earnings ratio of 18.14 and a beta of 0.75. The firm’s fifty day simple moving average is $214.46 and its two-hundred day simple moving average is $205.42.

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.