Sovereign Financial Group Inc. Buys 2,865 Shares of Vanguard Total Stock Market ETF $VTI

Sovereign Financial Group Inc. grew its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 96.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,824 shares of the company’s stock after purchasing an additional 2,865 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Vanguard Total Stock Market ETF were worth $1,911,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Vanguard Total Stock Market ETF during the fourth quarter worth approximately $150,448,000. American Century Companies Inc. bought a new stake in Vanguard Total Stock Market ETF in the 1st quarter valued at $458,000. Pinnacle Wealth Planning Services Inc. boosted its stake in Vanguard Total Stock Market ETF by 20.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,239 shares of the company’s stock valued at $615,000 after purchasing an additional 379 shares during the period. Baird Financial Group Inc. grew its holdings in Vanguard Total Stock Market ETF by 10.5% in the 1st quarter. Baird Financial Group Inc. now owns 759,147 shares of the company’s stock valued at $208,644,000 after buying an additional 72,137 shares in the last quarter. Finally, Titleist Asset Management LLC increased its position in Vanguard Total Stock Market ETF by 8.4% during the 1st quarter. Titleist Asset Management LLC now owns 60,743 shares of the company’s stock worth $16,695,000 after buying an additional 4,694 shares during the period. Institutional investors and hedge funds own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Stock Performance

VTI opened at $339.67 on Friday. The stock has a fifty day moving average of $333.69 and a 200-day moving average of $321.40. The company has a market capitalization of $566.46 billion, a P/E ratio of 24.26 and a beta of 1.02. Vanguard Total Stock Market ETF has a fifty-two week low of $236.42 and a fifty-two week high of $340.33.

About Vanguard Total Stock Market ETF

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.