Spinnaker Investment Group LLC Has $4.76 Million Stake in Vanguard Total Stock Market ETF $VTI

Spinnaker Investment Group LLC boosted its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 100.1% in the second quarter, HoldingsChannel.com reports. The firm owned 12,874 shares of the ETF’s stock after buying an additional 6,440 shares during the period. Vanguard Total Stock Market ETF accounts for about 0.8% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 17th largest holding. Spinnaker Investment Group LLC’s holdings in Vanguard Total Stock Market ETF were worth $4,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in shares of Vanguard Total Stock Market ETF during the fourth quarter worth about $30,000. Wealth Watch Advisors INC bought a new stake in Vanguard Total Stock Market ETF in the third quarter valued at approximately $31,000. Hilton Head Capital Partners LLC acquired a new stake in Vanguard Total Stock Market ETF during the 4th quarter valued at approximately $31,000. Basepoint Wealth LLC bought a new position in Vanguard Total Stock Market ETF during the 4th quarter worth approximately $32,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Vanguard Total Stock Market ETF during the 2nd quarter worth approximately $33,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Vanguard Total Stock Market ETF Price Performance

VTI opened at $381.63 on Tuesday. Vanguard Total Stock Market ETF has a fifty-two week low of $310.40 and a fifty-two week high of $383.29. The firm has a market capitalization of $684.11 billion, a PE ratio of 24.26 and a beta of 1.01. The company’s 50-day moving average is $369.12 and its 200 day moving average is $352.02.

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.