Summit Financial LLC Buys 18,370 Shares of Vanguard Total Stock Market ETF $VTI

Summit Financial LLC boosted its stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,661,237 shares of the company’s stock after buying an additional 18,370 shares during the quarter. Vanguard Total Stock Market ETF comprises approximately 8.2% of Summit Financial LLC’s investment portfolio, making the stock its largest holding. Summit Financial LLC’s holdings in Vanguard Total Stock Market ETF were worth $556,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in 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 worth $20,995,293,000 after buying an additional 2,291,938 shares during the period. Wealthfront Advisers LLC lifted its holdings in Vanguard Total Stock Market ETF by 0.9% during the 4th quarter. Wealthfront Advisers LLC now owns 18,025,283 shares of the company’s stock worth $6,043,337,000 after buying an additional 163,272 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard Total Stock Market ETF by 2.0% in the 4th quarter. LPL Financial LLC now owns 14,079,780 shares of the company’s stock valued at $4,720,528,000 after purchasing an additional 277,939 shares during the period. WealthNavi Inc. lifted its stake in shares of 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 valued at $4,155,598,000 after purchasing an additional 32,017 shares during the period. Finally, HB Wealth Management LLC lifted its stake in shares of 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 valued at $2,760,340,000 after purchasing an additional 96,255 shares during the period. 28.92% of the stock is owned by institutional investors and hedge funds.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA:VTI opened at $366.36 on Friday. The company has a market capitalization of $640.11 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. The business’s 50-day moving average is $355.77 and its 200-day moving average is $342.68. Vanguard Total Stock Market ETF has a 1 year low of $291.97 and a 1 year high of $374.70.

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.