Pinnacle Associates Ltd. Increases Holdings in Vanguard Small-Cap ETF $VB

Pinnacle Associates Ltd. raised its position in Vanguard Small-Cap ETF (NYSEARCA:VB) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 451,808 shares of the company’s stock after acquiring an additional 10,421 shares during the quarter. Vanguard Small-Cap ETF makes up 1.5% of Pinnacle Associates Ltd.’s portfolio, making the stock its 12th biggest holding. Pinnacle Associates Ltd.’s holdings in Vanguard Small-Cap ETF were worth $114,886,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Vanguard Small-Cap ETF by 36.5% in the fourth quarter. Brighton Jones LLC now owns 11,978 shares of the company’s stock worth $2,878,000 after buying an additional 3,200 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Vanguard Small-Cap ETF by 11.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,941 shares of the company’s stock valued at $2,148,000 after buying an additional 920 shares during the last quarter. Aspire Growth Partners LLC boosted its holdings in shares of Vanguard Small-Cap ETF by 5.0% during the 2nd quarter. Aspire Growth Partners LLC now owns 2,342 shares of the company’s stock valued at $555,000 after purchasing an additional 111 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in Vanguard Small-Cap ETF during the second quarter valued at approximately $210,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of Vanguard Small-Cap ETF during the 2nd quarter valued at approximately $341,000.

Vanguard Small-Cap ETF Trading Down 2.2%

Shares of NYSEARCA VB opened at $265.20 on Friday. Vanguard Small-Cap ETF has a 12-month low of $190.27 and a 12-month high of $281.90. The firm’s 50-day moving average price is $272.76 and its 200-day moving average price is $261.46. The stock has a market capitalization of $70.98 billion, a price-to-earnings ratio of 18.27 and a beta of 1.10.

About Vanguard Small-Cap ETF

The Vanguard Small-Cap ETF (VB) is an exchange-traded fund that is based on the CRSP US Small Cap index. The fund tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2-15% of the investable universe. VB was launched on Jan 26, 2004 and is managed by Vanguard.