Summit Portfolio Management LTD. Purchases New Stake in Vanguard Total Stock Market ETF $VTI

Summit Portfolio Management LTD. acquired a new stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,444 shares of the company’s stock, valued at approximately $463,000. Vanguard Total Stock Market ETF accounts for approximately 0.3% of Summit Portfolio Management LTD.’s portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Auto Owners Insurance Co increased its position in Vanguard Total Stock Market ETF by 58,332.8% during the 4th quarter. Auto Owners Insurance Co now owns 12,270,882 shares of the company’s stock valued at $4,114,059,000 after purchasing an additional 12,249,882 shares during the period. Align Financial LLC purchased a new stake in shares of Vanguard Total Stock Market ETF in the 4th quarter worth about $210,276,000. Narodna banka Slovenska purchased a new stake in shares of Vanguard Total Stock Market ETF in the 1st quarter worth about $1,762,447,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Vanguard Total Stock Market ETF by 208.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,997,096 shares of the company’s stock valued at $655,190,000 after purchasing an additional 3,842,502 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Vanguard Total Stock Market ETF by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 62,622,049 shares of the company’s stock valued at $20,995,293,000 after purchasing an additional 2,291,938 shares in the last quarter. 28.92% of the stock is owned by institutional investors.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA VTI opened at $368.25 on Thursday. Vanguard Total Stock Market ETF has a 1 year low of $304.00 and a 1 year high of $374.70. The stock has a market capitalization of $660.12 billion, a P/E ratio of 24.26 and a beta of 1.01. The company’s 50-day moving average is $365.68 and its 200 day moving average is $346.90.

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.