Oppenheimer & Co. Inc. recently increased its stake in Vanguard Large-Cap ETF (NYSEARCA:VV) by 0.8% during the 1st quarter, according to a report by HoldingsChannel.com. The company now owns 16,187 shares of Vanguard Large-Cap ETF, valued at $3,881,000 at the end of the quarter. This move reflects Oppenheimer & Co. Inc.’s confidence in the ETF’s performance.
In addition to Oppenheimer & Co. Inc., several other institutional investors have also made moves with Vanguard Large-Cap ETF. Vermillion & White Wealth Management Group LLC, Allspring Global Investments Holdings LLC, Red Tortoise LLC, Bangor Savings Bank, and Pineridge Advisors LLC have all acquired positions in the ETF, further showcasing investor interest in large-cap stocks.
Vanguard Large-Cap ETF’s stock performance has been strong, with an opening price of $256.80 on Friday. With a market capitalization of $36.92 billion, a price-to-earnings ratio of 25.46, and a beta of 1.01, the ETF has shown resilience in the market. Its 52-week low stands at $187.49 and a high of $258.61, indicating stability and growth potential.
The Vanguard Large-Cap Index Fund aims to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. This passive management approach has proven successful in mirroring the MSCI US Prime Market 750 Index, composed mainly of stocks from large US companies.
Overall, Vanguard Large-Cap ETF continues to attract investor interest and maintain a solid performance in the market. DailyBubble sees this as a positive sign for the ETF’s future growth potential and encourages investors to keep an eye on its developments.