Summit Portfolio Management LTD. Acquires Shares of 1,444 Vanguard Total Stock Market ETF $VTI

Summit Portfolio Management LTD. bought a new stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) during the first quarter, HoldingsChannel reports. The firm bought 1,444 shares of the company’s stock, valued at approximately $463,000. Vanguard Total Stock Market ETF makes up approximately 0.3% of Summit Portfolio Management LTD.’s holdings, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTI. Cardinal Point Capital Management ULC grew its position in Vanguard Total Stock Market ETF by 5.2% during the first quarter. Cardinal Point Capital Management ULC now owns 611,956 shares of the company’s stock valued at $196,322,000 after buying an additional 30,152 shares during the period. Ervin Investment Management LLC raised its position in Vanguard Total Stock Market ETF by 121.5% in the fourth quarter. Ervin Investment Management LLC now owns 3,668 shares of the company’s stock worth $1,230,000 after acquiring an additional 2,012 shares during the period. Serenus Wealth Advisors LLC raised its position in Vanguard Total Stock Market ETF by 31.7% in the fourth quarter. Serenus Wealth Advisors LLC now owns 33,831 shares of the company’s stock worth $11,343,000 after acquiring an additional 8,144 shares during the period. Rolek Wealth Management LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 7.5% during the 4th quarter. Rolek Wealth Management LLC now owns 25,652 shares of the company’s stock worth $8,600,000 after acquiring an additional 1,799 shares during the last quarter. Finally, Diversified Management Inc. purchased a new position in shares of Vanguard Total Stock Market ETF during the 4th quarter worth $5,067,000. 28.92% of the stock is owned by hedge funds and other institutional investors.

Vanguard Total Stock Market ETF Price Performance

Shares of VTI stock opened at $368.25 on Thursday. The company has a market cap of $660.12 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. Vanguard Total Stock Market ETF has a 1 year low of $304.00 and a 1 year high of $374.70. The firm has a fifty day moving average price of $365.68 and a 200-day moving average price of $346.90.

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.