Vanguard Total Stock Market ETF (NYSEARCA:VTI) Hits New 1-Year High – Here’s Why
by Mitch Edgeman · The Markets DailyVanguard Total Stock Market ETF (NYSEARCA:VTI – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $340.00 and last traded at $340.0290, with a volume of 3287879 shares traded. The stock had previously closed at $338.72.
Vanguard Total Stock Market ETF Stock Performance
The company has a market capitalization of $566.59 billion, a P/E ratio of 24.26 and a beta of 1.02. The stock has a 50 day moving average price of $332.93 and a 200 day moving average price of $320.65.
Hedge Funds Weigh In On Vanguard Total Stock Market ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Gallagher Fiduciary Advisors LLC increased its position in Vanguard Total Stock Market ETF by 30,685.3% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 150,330,714 shares of the company’s stock valued at $45,690,014,000 after purchasing an additional 149,842,394 shares during the period. Vanguard Group Inc. boosted its stake in Vanguard Total Stock Market ETF by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 60,330,111 shares of the company’s stock valued at $19,798,531,000 after purchasing an additional 1,561,779 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Vanguard Total Stock Market ETF in the third quarter worth approximately $15,530,622,000. Betterment LLC boosted its position in Vanguard Total Stock Market ETF by 0.8% in the second quarter. Betterment LLC now owns 26,303,687 shares of the company’s stock worth $7,994,480,000 after purchasing an additional 209,074 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 3.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 17,862,011 shares of the company’s stock worth $5,861,776,000 after acquiring an additional 666,450 shares during the last quarter. Institutional investors own 28.92% of the company’s stock.
Vanguard Total Stock Market ETF Company 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.