MAI Capital Management Lowers Position in Vanguard Total Stock Market ETF $VTI

MAI Capital Management trimmed its holdings in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,582 shares of the company’s stock after selling 3,861 shares during the quarter. Vanguard Total Stock Market ETF comprises about 0.7% of MAI Capital Management’s holdings, making the stock its 27th largest position. MAI Capital Management’s holdings in Vanguard Total Stock Market ETF were worth $108,072,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VTI. Seeds Investor LLC boosted its position in shares of Vanguard Total Stock Market ETF by 1.5% during the 2nd quarter. Seeds Investor LLC now owns 138,179 shares of the company’s stock valued at $41,997,000 after acquiring an additional 2,018 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Vanguard Total Stock Market ETF by 18.4% in the second quarter. JPMorgan Chase & Co. now owns 5,237,643 shares of the company’s stock valued at $1,591,877,000 after purchasing an additional 813,240 shares in the last quarter. ADE LLC lifted its position in Vanguard Total Stock Market ETF by 28.3% during the second quarter. ADE LLC now owns 1,033 shares of the company’s stock valued at $314,000 after purchasing an additional 228 shares during the last quarter. Lodestone Wealth Management LLC grew its stake in Vanguard Total Stock Market ETF by 0.3% in the 2nd quarter. Lodestone Wealth Management LLC now owns 10,660 shares of the company’s stock worth $3,240,000 after buying an additional 35 shares in the last quarter. Finally, BWM Planning LLC grew its stake in Vanguard Total Stock Market ETF by 12.1% in the 2nd quarter. BWM Planning LLC now owns 90,259 shares of the company’s stock worth $27,432,000 after buying an additional 9,732 shares in the last quarter. 28.92% of the stock is currently owned by institutional investors.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA:VTI opened at $320.10 on Friday. The company’s fifty day moving average price is $329.58 and its 200-day moving average price is $312.60. The firm has a market capitalization of $533.83 billion, a price-to-earnings ratio of 24.26 and a beta of 1.02. Vanguard Total Stock Market ETF has a one year low of $236.42 and a one year high of $339.06.

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.