Cornerstone Wealth Management LLC Lowers Stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Cornerstone Wealth Management LLC cut its position in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 60,726 shares of the company’s stock after selling 868 shares during the quarter. Vanguard Total Stock Market ETF comprises about 1.2% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Cornerstone Wealth Management LLC’s holdings in Vanguard Total Stock Market ETF were worth $17,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VTI. Colony Family Offices LLC bought a new stake in shares of Vanguard Total Stock Market ETF during the third quarter valued at approximately $35,000. Mattson Financial Services LLC bought a new position in shares of Vanguard Total Stock Market ETF during the 2nd quarter valued at about $34,000. Urban Financial Advisory Corp bought a new stake in shares of Vanguard Total Stock Market ETF in the third quarter worth about $37,000. Westend Capital Management LLC bought a new position in Vanguard Total Stock Market ETF during the third quarter valued at approximately $62,000. Finally, Raleigh Capital Management Inc. boosted its stake in Vanguard Total Stock Market ETF by 66.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 255 shares of the company’s stock valued at $74,000 after buying an additional 102 shares during the last quarter.

Vanguard Total Stock Market ETF Price Performance

NYSEARCA:VTI opened at $302.18 on Friday. The company has a market cap of $453.27 billion, a price-to-earnings ratio of 23.62 and a beta of 1.02. Vanguard Total Stock Market ETF has a 1 year low of $239.86 and a 1 year high of $302.95. The stock’s 50 day simple moving average is $295.50 and its two-hundred day simple moving average is $283.96.

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.