Stifel Financial Corp, a leading institutional investor, has reported an increase in its holdings in Vanguard Russell 2000 ETF (NASDAQ:VTWO) during the first quarter of this year. According to the company’s recent filing with the Securities and Exchange Commission, Stifel Financial Corp now owns 1,422,224 shares of the company’s stock, representing a 3.0% increase from the previous quarter. The additional acquisition of 40,841 shares brings their total ownership to approximately $102,514,000.
As one of the largest registered investment advisers in the United States, Stifel Financial Corp’s increased stake in Vanguard Russell 2000 ETF demonstrates its confidence in the potential growth and profitability of this particular investment product. This move also indicates that Stifel is taking advantage of the positive market sentiment surrounding small-cap companies represented by the Russell 2000 index.
Interested investors seeking more information about other hedge funds holding VTWO can visit HoldingsChannel.com. This website offers up-to-date insights into various investment funds’ portfolio allocations and transactions. By analyzing these filings and insider trades, individuals can gain a better understanding of market trends and potentially make informed investment decisions.
In addition to its increased holdings, Vanguard Russell 2000 ETF recently declared a quarterly dividend on its stock. Shareholders who were recorded as stockholders on Monday, June 26th received a dividend payment of $0.2348 per share on Wednesday, June 28th. On an annualized basis, this equates to a dividend of $0.94 per share with a yield of approximately 1.26%. It should be noted that it may be worthwhile for prospective investors to consider these dividend payments when evaluating whether to include Vanguard Russell 2000 ETF in their portfolios.
The ex-dividend date for this recent payout was Friday, June 23rd. This means that shareholders who purchased VTWO shares after this date are not entitled to the dividend, while those who purchased shares prior to this date will have received the payout.
With the D-day being September 9, 2023, Stifel Financial Corp’s increased holdings and Vanguard Russell 2000 ETF’s recent dividend action suggest that both parties are positioning themselves for long-term gains and value appreciation. As with any investment decision, it is recommended that individuals conduct thorough research and consult with a financial advisor to assess their risk tolerance and investment goals before making any decisions regarding their investment portfolios.
O'Reilly Automotive, Inc.
Updated on: 05/12/2023
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Sell
DCF: Strong Buy
ROE: Strong Sell
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Hedge Funds Increase Stakes in Vanguard Russell 2000 ETF: Promising Potential and Investment Opportunity
The recent activity of various hedge funds in relation to the Vanguard Russell 2000 ETF (VTWO) has caught the attention of investors and market analysts. In particular, Wells Fargo & Company MN has increased its stake in the company by 8.1% during the fourth quarter, acquiring an additional 61,073 shares valued at approximately $57,106,000. Similarly, Tennessee Valley Asset Management Partners raised its stake in VTWO by 13.9% during the first quarter, adding 706 shares worth $418,000 to its portfolio.
Another notable development was observed with McClarren Financial Advisors Inc., which witnessed a significant boost of 413.2% in their holding of VTWO during the first quarter. The firm now possesses 1,555 shares valued at $111,000. Additionally, Pitcairn Co., a new player in this arena, invested around $1,586,000 to acquire a stake in VTWO during the same period. Lastly, Arete Wealth Advisors LLC emerged as a key participant by purchasing shares worth an impressive $604,029 billion in VTWO.
As for market performance indicators, VTWO opened at a price of $74.41 on Friday. Over the past year, the ETF has oscillated between a low of $65.63 and a high of $80.41. Meanwhile, its 50-day moving average stands at $76.87 and its 200-day moving average is currently at $73.48. With regards to market capitalization, VTWO is estimated to be valued at around $6.07 billion.
Analyzing these figures further reveals that VTWO holds promising potential despite recent fluctuations in the market trends impacting small-cap stocks. It is essential to note that VTWO is an exchange-traded fund that tracks the performance of the Russell 2000 index – an index consisting of small-cap companies listed on US stock exchanges. The index is weighted based on market capitalization, with the top-performing small-cap stocks having a greater influence on the fund’s overall performance.
Having been launched on September 20, 2010, VTWO is managed by Vanguard, a reputable and well-established investment management company known for its diversified range of funds. With a current price-to-earnings ratio of 11.50 and a beta of 1.15, VTWO offers investors an attractive entry point into the small-cap sector.
In summary, the recent maneuvers by hedge funds such as Wells Fargo & Company MN, Tennessee Valley Asset Management Partners, McClarren Financial Advisors Inc., Pitcairn Co., and Arete Wealth Advisors LLC in relation to the Vanguard Russell 2000 ETF have drawn considerable attention within the investment community. Despite market uncertainties and fluctuations affecting small-cap stocks, VTWO presents an appealing investment opportunity given its strong management by Vanguard and potential for returns in the long run. Investors are urged to closely monitor future developments surrounding this exchange-traded fund to make well-informed decisions based on their individual investment goals and risk appetite.