Perigon Wealth Management LLC Expands Investment in Vanguard ESG International Stock ETF

Recently, Perigon Wealth Management LLC has increased its stake in the Vanguard ESG International Stock ETF (BATS:VSGX). Detailed filings with the Securities and Exchange Commission reveal a 7.3% boost in their portfolio, as they added 1,332 shares in the third quarter, bringing their total ownership to 19,562 shares. The firm's investment in the ETF is now valued at approximately $987,000.

Other Hedge Funds Adjusting VSGX Positions

A number of other hedge funds have also recently changed their stakes in VSGX. Notably, Wells Financial Advisors INC raised its holdings by a significant 71.3% in the second quarter. After this increase, they now control 615 shares valued at $33,000. Other notable adjustments include WFA of San Diego LLC establishing a new position with shares worth about $56,000 and Money Concepts Capital Corp following suit with an investment worth roughly $61,000 in the fourth quarter. Milestone Investment Advisors LLC has more than doubled their stake by 139.3%, now owning 1,383 shares worth $73,000. Citigroup Inc. made a notable hike in their holdings by 290.3% in the first quarter, now holding 1,483 shares valued at $78,000.

Performance of Vanguard ESG International Stock ETF

On the market front, VSGX opened at $54.79 on Monday. The ETF has been performing with a steady upward trend reflected by the 50-day and 200-day simple moving averages, standing at $53.36 and $52.41 respectively. It boasts a market capitalization of $3.53 billion, a price-to-earnings ratio of 12.00, and a beta of 0.84.

Understanding Vanguard ESG International Stock ETF

The Vanguard ESG International Stock ETF represents a collection of international company stocks screened for environmental, social, and governance (ESG) criteria and follows the market-cap-weighted FTSE Global All Cap ex USA Choice index. Since its inception on September 18, 2018, Vanguard has been managing the ETF, focusing on sustainable investing practices.

Investment, VSGX, Perigon