Lebenthal Global Advisors LLC reduced its holdings in the Vanguard Total Stock Market ETF (NYSEARCA: VTI) during the third quarter. The firm sold 8,932 shares, bringing its total ownership to 30,008 shares after the transaction. This adjustment represents a 22.9% decrease in their position in the ETF.
Following the sale, the Vanguard Total Stock Market ETF accounts for approximately 1.7% of Lebenthal Global Advisors’ overall portfolio.
**Why this matters**
Changes in holdings by investment firms can signal shifts in market outlook or portfolio strategy. A reduction of nearly 23% in VTI shares may reflect Lebenthal Global Advisors’ reassessment of the ETF’s role within its broader investment approach. Investors often monitor such moves for insights into market trends or fund manager sentiment.
Source: NewsData