MAI Capital Management Buys 39,267 Shares of Vanguard Total Stock Market ETF $VTI

MAI Capital Management boosted its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,849 shares of the company’s stock after acquiring an additional 39,267 shares during the period. Vanguard Total Stock Market ETF accounts for about 0.8% of MAI Capital Management’s holdings, making the stock its 26th biggest position. MAI Capital Management’s holdings in Vanguard Total Stock Market ETF were worth $129,577,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at $150,448,000. Ignite Planners LLC purchased a new position in shares of Vanguard Total Stock Market ETF during the 2nd quarter valued at about $569,000. Ethic Inc. purchased a new position in Vanguard Total Stock Market ETF in the 2nd quarter worth $232,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Vanguard Total Stock Market ETF by 9.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company’s stock valued at $2,887,000 after purchasing an additional 800 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Vanguard Total Stock Market ETF by 19.7% in the second quarter. Bessemer Group Inc. now owns 281,812 shares of the company’s stock worth $85,650,000 after purchasing an additional 46,388 shares during the last quarter. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Total Stock Market ETF Stock Performance

Vanguard Total Stock Market ETF stock opened at $339.21 on Wednesday. The stock’s 50 day simple moving average is $339.23 and its two-hundred day simple moving average is $331.66. The stock has a market cap of $577.64 billion, a price-to-earnings ratio of 24.26 and a beta of 1.02. Vanguard Total Stock Market ETF has a fifty-two week low of $236.42 and a fifty-two week high of $344.42.

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.