Greenspring Boosts ETFs
Greenspring Advisors Substantially Increases Stakes in Several Key ETFs During Q4
Anonymous
Greenspring Advisors LLC significantly expanded several ETF positions based on its latest SEC filings and reported portfolio activity. In the fourth quarter, it nearly tripled its stake in Vanguard Total Bond Market ETF (BND) to 261,126 shares, worth about $19.3 million, and dramatically increased its holding in Vanguard Intermediate-Term Corporate Bond ETF (VCIT) to 194,428 shares, worth about $16.3 million. The firm also boosted its exposure to Global X MLP ETF (MLPA) by thousands of percentage points to 236,859 shares, worth about $11.5 million, and increased its stake in Dimensional Emerging Markets Core Equity 2 ETF (DFEM) to 2,300,755 shares, worth about $76.1 million. Greenspring further added a new position in Eagle Capital Select Equity ETF (EAGL), buying 351,668 shares valued at roughly $11.4 million. Other institutional investors were active in these same funds as well, reflecting broad interest beyond Greenspring’s moves.
Key Points
1
For BND, Greenspring said it added 183,482 shares during the quarter to reach 261,126 shares, and the ETF was about 1.2% of its portfolio (12th largest position). The reporting also noted other investors’ smaller BND moves—for example, Integrity Financial Corp WA increased its stake 13.8% to 1,129 shares valued at about $84,000.
2
For MLPA, Greenspring’s position change was described as making the ETF roughly 0.7% of its portfolio (19th largest). The coverage also provided MLPA’s market metrics and trading context: market cap about $2.15 billion, P/E 14.42, beta 0.47, with the stock opening around $54.08 and trading in a 52-week range of about $46.39 to $56.53.
3
For VCIT, beyond Greenspring’s share and value totals, the article detailed the ETF’s benchmark: it seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index (a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index). The reporting also included VCIT’s recent market context (opened about $82.26; 52-week low/high about $81.00 to $84.84).
4
For DFEM, the coverage put Greenspring’s stake at about 4.7% of its portfolio (4th largest). It also highlighted activity from other investors that the summary didn’t specify—for example, Elevate Wealth Advisory Inc. lifted its DFEM holdings by 2,335.7% in the 4th quarter to 1,023 shares (about $34,000).
5
For EAGL, the reporting added EAGL’s market/ownership context that wasn’t in the summary, including that institutional investors and hedge funds own 65.27% of the fund. It also described other large changes, such as Lazard Asset Management LLC increasing its stake 137.5% to 539,338 shares valued at about $16.277 million (after adding 312,291 shares).
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