First Business Financial Services Inc. Reduces Position in Vanguard Total Stock Market ETF $VTI

First Business Financial Services Inc. lessened its position in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 788,902 shares of the company’s stock after selling 18,227 shares during the quarter. Vanguard Total Stock Market ETF comprises about 24.3% of First Business Financial Services Inc.’s investment portfolio, making the stock its biggest position. First Business Financial Services Inc.’s holdings in Vanguard Total Stock Market ETF were worth $264,495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Vanguard Total Stock Market ETF by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 62,622,049 shares of the company’s stock worth $20,995,293,000 after acquiring an additional 2,291,938 shares during the period. Rakuten Investment Management Inc. bought a new position in Vanguard Total Stock Market ETF in the 3rd quarter worth $15,530,622,000. Wealthfront Advisers LLC raised its holdings in Vanguard Total Stock Market ETF by 0.9% in the 4th quarter. Wealthfront Advisers LLC now owns 18,025,283 shares of the company’s stock worth $6,043,337,000 after acquiring an additional 163,272 shares during the period. WealthNavi Inc. raised its holdings in Vanguard Total Stock Market ETF by 0.3% in the 4th quarter. WealthNavi Inc. now owns 12,394,779 shares of the company’s stock worth $4,155,598,000 after acquiring an additional 32,017 shares during the period. Finally, HB Wealth Management LLC raised its holdings in Vanguard Total Stock Market ETF by 1.1% in the 4th quarter. HB Wealth Management LLC now owns 8,648,161 shares of the company’s stock worth $2,760,340,000 after acquiring an additional 96,255 shares during the period. Institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Stock Performance

NYSEARCA:VTI opened at $360.06 on Wednesday. The firm’s 50-day moving average is $340.35 and its 200-day moving average is $338.03. Vanguard Total Stock Market ETF has a 52-week low of $283.00 and a 52-week high of $368.25. The company has a market cap of $629.10 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01.

Vanguard Total Stock Market ETF 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.