Pennington Partners Boosts VTHR Stake by $5.4 Million, Lifting Holding 39% in Q1
Updated
Updated · The Motley Fool · May 21
Pennington Partners Boosts VTHR Stake by $5.4 Million, Lifting Holding 39% in Q1
2 articles · Updated · The Motley Fool · May 21
$5.4 million in first-quarter buying added 17,870 Vanguard Russell 3000 ETF shares to Pennington Partners' portfolio, taking the position to about $18.3 million.
The enlarged VTHR stake now accounts for 6.3% of assets under management and ranks as Pennington's fourth-largest holding, behind VTI, BOXX and IWV.
VTHR gives broad exposure to roughly 3,000 U.S. stocks covering about 98% of the investable market, fitting Pennington's already ETF-heavy, diversified lineup.
At $325.94 on May 20, VTHR was up 25.98% over 12 months, slightly lagging the S&P 500 and its large-blend benchmark while carrying a 0.06% expense ratio.
With massive VTI holdings, what is Pennington’s hidden strategy behind its big new bet on the VTHR ETF?
Why did Pennington buy $5.4M in stocks when Vanguard's own models signaled a preference for bonds?