Vanguard Total Stock Market ETF $VTI Position Reduced by NovaPoint Capital LLC

NovaPoint Capital LLC cut its holdings in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,671 shares of the company’s stock after selling 3,331 shares during the period. Vanguard Total Stock Market ETF comprises approximately 2.5% of NovaPoint Capital LLC’s portfolio, making the stock its 9th largest holding. NovaPoint Capital LLC’s holdings in Vanguard Total Stock Market ETF were worth $10,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC raised its stake in shares of Vanguard Total Stock Market ETF by 48.5% in the third quarter. CWM LLC now owns 215,943 shares of the company’s stock worth $70,866,000 after buying an additional 70,544 shares during the period. Chris Bulman Inc bought a new position in shares of Vanguard Total Stock Market ETF during the 2nd quarter valued at approximately $279,000. WealthNavi Inc. increased its holdings in Vanguard Total Stock Market ETF by 7.8% in the 2nd quarter. WealthNavi Inc. now owns 12,352,859 shares of the company’s stock worth $3,754,404,000 after acquiring an additional 895,647 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Vanguard Total Stock Market ETF by 27.7% in the 1st quarter. Cape Investment Advisory Inc. now owns 2,960 shares of the company’s stock worth $814,000 after acquiring an additional 642 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its stake in Vanguard Total Stock Market ETF by 57.0% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 2,715 shares of the company’s stock worth $825,000 after acquiring an additional 986 shares during the period. 28.92% of the stock is owned by institutional investors.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA:VTI opened at $339.67 on Friday. The company has a market capitalization of $566.46 billion, a P/E ratio of 24.26 and a beta of 1.02. Vanguard Total Stock Market ETF has a 1-year low of $236.42 and a 1-year high of $340.33. The firm’s 50 day simple moving average is $333.69 and its two-hundred day simple moving average is $321.40.

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.