Geneos Wealth Management Inc. Reduces Holdings in Vanguard FTSE Pacific ETF (VPL)
Geneos Wealth Management Inc. recently made a significant move in its investment strategy by cutting its holdings in Vanguard FTSE Pacific ETF (NYSEARCA:VPL) by 65.9% during the first quarter. According to the company’s most recent 13F filing with the Securities & Exchange Commission, Geneos Wealth Management Inc. sold 1,317 shares of the ETF, leaving them with 681 shares valued at $52,000.
This change in holdings is part of a larger trend among institutional investors, with Glassman Wealth Services, Executive Wealth Group LLC, First Horizon Advisors Inc., Institute for Wealth Management LLC, and Choreo LLC all making adjustments to their positions in Vanguard FTSE Pacific ETF in recent quarters.
VPL opened at $77.36 on Friday, with a market cap of $7.39 billion, a P/E ratio of 12.79, and a beta of 0.87. The ETF has a fifty-day moving average price of $74.47 and a 200-day moving average price of $73.64, with a 1-year low of $63.44 and a 1-year high of $77.64.
Vanguard FTSE Pacific ETF, formerly known as Vanguard MSCI Pacific ETF, is an exchange-traded share class of Vanguard Pacific Stock Index Fund. The fund aims to track the investment performance of the MSCI Pacific Index, which includes common stocks of companies located in Japan, Australia, Hong Kong, New Zealand, and Singapore.
This news comes as investors continue to monitor the performance and holdings of Vanguard FTSE Pacific ETF. Stay tuned for further updates on this story and sign up for MarketBeat.com’s daily email newsletter for the latest news and analyst ratings on Vanguard FTSE Pacific ETF and related companies.
