Shah Wealth Advisors LLC Invests $858,000 in Vanguard Total Stock Market ETF $VTI

Shah Wealth Advisors LLC bought a new position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,317 shares of the ETF’s stock, valued at approximately $858,000.

Several other hedge funds have also added to or reduced their stakes in the company. Cardinal Point Capital Management ULC increased its holdings in Vanguard Total Stock Market ETF by 5.2% in the 1st quarter. Cardinal Point Capital Management ULC now owns 611,956 shares of the ETF’s stock valued at $196,322,000 after buying an additional 30,152 shares during the period. RM Financial Services LLC bought a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter worth approximately $3,163,000. Cary Street Partners Financial LLC lifted its holdings in shares of Vanguard Total Stock Market ETF by 17.8% during the 4th quarter. Cary Street Partners Financial LLC now owns 125,790 shares of the ETF’s stock worth $42,174,000 after acquiring an additional 18,987 shares during the period. Baron Wealth Management LLC acquired a new stake in shares of Vanguard Total Stock Market ETF during the 2nd quarter worth approximately $778,000. Finally, First National Advisers LLC boosted its position in shares of Vanguard Total Stock Market ETF by 24.5% during the 4th quarter. First National Advisers LLC now owns 19,212 shares of the ETF’s stock worth $6,441,000 after acquiring an additional 3,778 shares in the last quarter. 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 $379.73 on Friday. Vanguard Total Stock Market ETF has a 1 year low of $310.40 and a 1 year high of $385.12. The stock has a market capitalization of $680.70 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. The company’s 50 day simple moving average is $373.93 and its 200 day simple moving average is $357.15.

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.