Fmr LLC Acquires Significant Stake in Vanguard Extended Market ETF

Fmr LLC has dramatically increased its investment in the Vanguard Extended Market ETF, designated by the ticker NYSEARCA:VXF. According to recent reports, the firm raised its stake by an astonishing 2,938.0% during the third quarter of the year. This acquisition means that Fmr LLC now holds a total of 1,600,254 shares in the ETF after purchasing an additional 1,547,579 shares during this period.

As of the end of the latest reporting period, Fmr LLC's holdings in the Vanguard Extended Market ETF were valued at approximately $291,230,000. This significant increase reflects an aggressive strategy by the firm to invest heavily in the ETF, which tracks a broad spectrum of companies beyond the largest US corporations.

Changes Among Other Institutional Investors

Additionally, other institutional investors have also been adjusting their positions in the Vanguard Extended Market ETF. For example, Hills Bank & Trust Co increased its holdings by 6.9% in the second quarter, acquiring 755 more shares, which brought their total to 11,640 shares worth around $1,965,000. Similarly, Bleakley Financial Group LLC boosted its position by 8.1% during the third quarter, owning 4,624 shares valued at $841,000, following the addition of 346 shares.

Other notable moves include Baker Tilly Wealth Management LLC, which entered a new position valued at $206,000 in the prior quarter. Meanwhile, SigFig Wealth Management LLC raised its stake by 1.0% in the second quarter, now holding 641,544 shares worth $108,286,000 after acquiring 6,498 additional shares.

Creative Planning also increased its share in the ETF by 1.5% during the third quarter, having purchased 7,176 shares to reach a total of 484,769 shares valued at $88,223,000.

Current Trading Status of Vanguard Extended Market ETF

On a recent trading day, Vanguard Extended Market ETF shares opened at $205.02. The fund boasts a market capitalization of $22.02 billion and features a price-to-earnings (PE) ratio of 14.96, with a beta of 1.26. Over the past year, the ETF has seen a low of $148.72 and a high of $207.77. Its moving averages reflect a 50-day average of $189.26 and a 200-day average of $178.37.

A Closer Look at Vanguard Extended Market ETF

The Vanguard Extended Market ETF is an exchange-traded fund that operates under the Vanguard Extended Market Stock Index Fund. It adopts a passive management strategy aimed at closely tracking the performance of the Standard & Poor’s Completion Index. This index includes a diversified range of stocks from small and medium-sized companies in the United States.

Conclusion and Further Insights

For those tracking hedge fund activities or the financial performance of the Vanguard Extended Market ETF, keeping an eye on Fmr LLC's substantial acquisition could provide insights into future market movements. Investors interested in the ETF should also pay attention to the broader trends within institutional investor activities.

investment, ETF, shares