Destination Wealth Management Increases Stock Holdings in Vanguard Total Stock Market ETF $VTI

Destination Wealth Management boosted its position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 191.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,204 shares of the company’s stock after purchasing an additional 4,732 shares during the period. Destination Wealth Management’s holdings in Vanguard Total Stock Market ETF were worth $2,415,000 at the end of the most recent quarter.

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

Vanguard Total Stock Market ETF Stock Up 0.6%

VTI opened at $366.36 on Friday. Vanguard Total Stock Market ETF has a 52 week low of $291.97 and a 52 week high of $374.70. The business’s 50 day moving average is $355.77 and its two-hundred day moving average is $342.68. The firm has a market cap of $640.11 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01.

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.