Envestnet Asset Management Inc. Boosts Holdings in Vanguard Total Stock Market ETF $VTI
by Sarita Garza · The Markets DailyEnvestnet Asset Management Inc. boosted its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,136,001 shares of the ETF’s stock after acquiring an additional 104,980 shares during the period. Envestnet Asset Management Inc. owned 0.34% of Vanguard Total Stock Market ETF worth $2,270,566,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cardinal Point Capital Management ULC increased its position in Vanguard Total Stock Market ETF by 5.2% in the first quarter. Cardinal Point Capital Management ULC now owns 611,956 shares of the ETF’s stock worth $196,322,000 after buying an additional 30,152 shares during the last quarter. RM Financial Services LLC purchased a new position in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at $3,163,000. Compass Financial Management LLC purchased a new position in shares of Vanguard Total Stock Market ETF during the 2nd quarter valued at $2,176,000. Cary Street Partners Financial LLC lifted its position in shares of Vanguard Total Stock Market ETF by 17.8% during the 4th quarter. Cary Street Partners Financial LLC now owns 125,790 shares of the ETF’s stock valued at $42,174,000 after buying an additional 18,987 shares during the last quarter. Finally, Baron Wealth Management LLC bought a new position in shares of Vanguard Total Stock Market ETF during the 2nd quarter worth $778,000. 28.92% of the stock is currently owned by hedge funds and other institutional investors.
Vanguard Total Stock Market ETF Stock Down 0.8%
VTI traded down $3.04 during trading hours on Wednesday, hitting $378.23. The stock had a trading volume of 2,573,896 shares, compared to its average volume of 4,429,117. The company’s fifty day simple moving average is $375.44 and its 200 day simple moving average is $360.46. Vanguard Total Stock Market ETF has a 1 year low of $310.40 and a 1 year high of $385.12. The stock has a market cap of $690.42 billion, a PE ratio of 24.26 and a beta of 1.01.
Vanguard Total Stock Market ETF Profile
Vanguard Total Stock Market ETF (the Fund) is an exchange-traded share class of Vanguard Total Stock Market Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the of the MSCI US Broad Market Index, which represents 99.5% or more of the total market capitalization of all of the United States common stocks traded on the New York and American Stock Exchanges and the Nasdaq over-the-counter market. The Fund typically holds the largest 1,200 to 1,300 stocks in its target index (covering nearly 95% of the index’s total market capitalization) and a representative sample of the remaining stocks.
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