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flag In Q2 2025, HBK Sorce sold most of its VBR stake, while AMG National Trust Bank and Kovack Advisors increased holdings in small-cap ETFs.

flag In the second quarter of 2025, HBK Sorce Advisory LLC reduced its stake in the Vanguard Small-Cap Value ETF (VBR) by 34.9%, selling 1,135 shares and retaining 2,118 shares valued at about $413,000. flag AMG National Trust Bank increased its VBR holdings to 12,180 shares, worth $2.38 million, adding 158 shares during the quarter. flag Meanwhile, Kovack Advisors Inc. raised its position in the Vanguard Small-Cap ETF (VB) by 3.5%, owning 3,619 shares worth $858,000. flag VBR and VB both track U.S. small-cap indices, with VBR focusing on value stocks and VB on broader small-cap exposure.

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