Franklin Resources Inc. has significantly reduced its holdings in the Vanguard Total International Stock ETF (NASDAQ: VXUS) by 57.1% during the second quarter of 2023. According to data from Holdings Channel, the firm now owns 18,061 shares after selling 24,075 shares in that period. At the conclusion of the latest reporting cycle, Franklin’s stake in the ETF was valued at approximately $1,248,000.
In parallel, other notable investors have adjusted their positions in the Vanguard Total International Stock ETF. The Vanguard Group Inc. increased its stake by 2.3%, acquiring an additional 1,838,193 shares. Vanguard Group now holds a total of 81,653,776 shares, with an estimated value of $5,641,458,000.
Wealthspire Advisors LLC also expanded its investment, increasing its holdings by 1.8%, bringing its total to 10,438,638 shares, which are currently valued at $721,205,000. Meanwhile, Cetera Investment Advisers raised its position by 26.4%, now owning 6,577,072 shares worth $454,410,000. HB Wealth Management LLC increased its stake by 8.8%, totaling 6,418,158 shares valued at $443,430,000.
Notably, JPMorgan Chase & Co. made a substantial move, lifting its position in the ETF by an impressive 371.0%. The bank now holds 5,551,166 shares, valued at about $383,530,000, after acquiring an additional 4,372,561 shares.
Market Performance of Vanguard Total International Stock ETF
As of the latest trading session on Friday, Vanguard Total International Stock ETF opened at $75.38, reflecting a slight increase of 0.2%. The ETF boasts a market capitalization of $110.20 billion, a price-to-earnings ratio of 15.99, and a beta of 0.79, indicating lower volatility compared to the broader market. The ETF has experienced a fifty-day simple moving average of $74.33 and a two-hundred-day average of $71.42. Over the past year, its value has fluctuated, reaching a low of $54.98 and a high of $75.89.
Understanding Vanguard Total International Stock ETF
The Vanguard Total International Stock ETF, launched on January 26, 2011, is designed to track the FTSE Global All Cap ex US index. This index encompasses a wide range of international stocks, representing 99% of the global market capitalization outside the United States. Managed by Vanguard, the ETF aims to provide investors with broad exposure to markets around the globe, excluding U.S. equities.
Investors interested in tracking institutional changes in VXUS can find detailed information on HoldingsChannel.com, which publishes the latest 13F filings and insider trades related to the ETF. For a daily summary of news and analysts’ ratings, interested parties can subscribe to MarketBeat.com’s free email newsletter.
