Gainline Financial Partners LLC Acquires New Position in Vanguard Total Stock Market ETF $VTI

Gainline Financial Partners LLC bought a new position in Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the second quarter, HoldingsChannel reports. The fund bought 2,837 shares of the ETF’s stock, valued at approximately $1,050,000. Vanguard Total Stock Market ETF makes up approximately 1.0% of Gainline Financial Partners LLC’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently modified their holdings of VTI. Auto Owners Insurance Co increased its stake in shares of Vanguard Total Stock Market ETF by 58,332.8% in the fourth quarter. Auto Owners Insurance Co now owns 12,270,882 shares of the ETF’s stock worth $4,114,059,000 after acquiring an additional 12,249,882 shares during the last quarter. Align Financial LLC acquired a new stake in Vanguard Total Stock Market ETF during the fourth quarter valued at $210,276,000. Narodna banka Slovenska acquired a new stake in Vanguard Total Stock Market ETF during the first quarter valued at $1,762,447,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in Vanguard Total Stock Market ETF in the fourth quarter valued at about $715,235,000. Finally, Corient Private Wealth LLC grew its stake in Vanguard Total Stock Market ETF by 122.5% in the second quarter. Corient Private Wealth LLC now owns 2,520,364 shares of the ETF’s stock valued at $766,014,000 after purchasing an additional 1,387,750 shares in the last quarter. Institutional investors and hedge funds own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Price Performance

Shares of VTI stock opened at $379.73 on Friday. Vanguard Total Stock Market ETF has a fifty-two week low of $310.40 and a fifty-two week high of $385.12. The stock’s 50-day moving average is $373.93 and its two-hundred day moving average is $357.15. The firm has a market cap of $680.70 billion, a P/E 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.