D.A. Davidson Expands Stake in Vanguard S&P Small-Cap 600 Growth ETF

D.A. Davidson & CO. has increased its stake in the Vanguard S&P Small-Cap 600 Growth ETF (NYSEARCA:VIOG) by 7.8% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the firm now holds 10,273 shares following the acquisition of an additional 747 shares. This investment represents approximately 0.14% of VIOG, valued at around $1.176 million.

Several other institutional investors have also adjusted their holdings in VIOG, reflecting a broader interest in this exchange-traded fund. Hilltop National Bank initiated a new position in the ETF, valued at $33,000, during the same quarter. Furthermore, Geneos Wealth Management Inc. significantly increased its stake by 1,700% in the first quarter, acquiring 576 shares worth $62,000 after purchasing an additional 544 shares.

CWM LLC also expanded its investment, boosting its shares by 476.9% in the first quarter, bringing its total to 750 shares valued at $80,000. Additionally, Morton Brown Family Wealth LLC raised its stake by 10.7% in the second quarter, now owning 1,151 shares valued at $132,000. Dakota Wealth Management entered the market with a new position worth $206,000 in the same period.

Current Market Performance of VIOG

As of Tuesday, shares of VIOG opened at $123.90. The ETF currently has a market capitalization of $887.12 million, with a price-to-earnings ratio of 19.94 and a beta of 1.10. Recent trading data shows a fifty-day simple moving average of $121.29 and a 200-day simple moving average of $114.90. Over the past year, VIOG has experienced a low of $92.26 and a high of $130.74.

The Vanguard S&P Small-Cap 600 Growth ETF, launched on September 7, 2010, is designed to track the S&P Small Cap 600 Growth Index. This index comprises U.S. small-cap companies that exhibit strong growth characteristics, making it an attractive option for investors seeking exposure to this market segment.

In summary, D.A. Davidson’s increase in its VIOG holdings, alongside the activities of other institutional investors, underscores a growing confidence in the potential of small-cap growth stocks. As market dynamics continue to evolve, the performance of VIOG will be closely watched by both individual and institutional investors alike.