Cornerstone Financial Management LLC Invests $1.02 Million in Vanguard Total Stock Market ETF $VTI

Cornerstone Financial Management LLC bought a new position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the fourth quarter, HoldingsChannel reports. The firm bought 3,034 shares of the company’s stock, valued at approximately $1,017,000.

A number of other large investors have also modified their holdings of the business. Abbot Financial Management Inc. grew its holdings in shares of Vanguard Total Stock Market ETF by 2.1% in the 3rd quarter. Abbot Financial Management Inc. now owns 1,436 shares of the company’s stock worth $471,000 after acquiring an additional 30 shares during the period. Finward Bancorp grew its holdings in shares of Vanguard Total Stock Market ETF by 3.7% in the 4th quarter. Finward Bancorp now owns 841 shares of the company’s stock worth $282,000 after acquiring an additional 30 shares during the period. Boyum Wealth Architects LLC grew its holdings in shares of Vanguard Total Stock Market ETF by 0.3% in the 4th quarter. Boyum Wealth Architects LLC now owns 11,653 shares of the company’s stock worth $3,969,000 after acquiring an additional 30 shares during the period. Financial Perspectives Inc grew its holdings in shares of Vanguard Total Stock Market ETF by 1.3% in the 4th quarter. Financial Perspectives Inc now owns 2,387 shares of the company’s stock worth $800,000 after acquiring an additional 30 shares during the period. Finally, Van Hulzen Asset Management LLC grew its holdings in shares of Vanguard Total Stock Market ETF by 1.1% in the 4th quarter. Van Hulzen Asset Management LLC now owns 2,749 shares of the company’s stock worth $922,000 after acquiring an additional 30 shares during the period. 28.92% of the stock is owned by hedge funds and other institutional investors.

Vanguard Total Stock Market ETF Price Performance

VTI opened at $366.36 on Friday. The stock has a market cap of $640.11 billion, a P/E ratio of 24.26 and a beta of 1.01. The stock’s 50 day simple moving average is $355.77 and its 200 day simple moving average is $342.68. Vanguard Total Stock Market ETF has a 1-year low of $291.97 and a 1-year high of $374.70.

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.