Pinnacle Associates Ltd. Increases Position in Vanguard Total Stock Market ETF $VTI

Pinnacle Associates Ltd. increased its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 52.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 357,860 shares of the company’s stock after purchasing an additional 123,140 shares during the period. Vanguard Total Stock Market ETF accounts for 1.6% of Pinnacle Associates Ltd.’s portfolio, making the stock its 10th largest position. Pinnacle Associates Ltd.’s holdings in Vanguard Total Stock Market ETF were worth $108,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Vanguard Total Stock Market ETF by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 55,916,401 shares of the company’s stock valued at $15,368,063,000 after purchasing an additional 2,195,553 shares during the last quarter. Wealthfront Advisers LLC lifted its position in Vanguard Total Stock Market ETF by 7.7% in the 2nd quarter. Wealthfront Advisers LLC now owns 17,195,561 shares of the company’s stock valued at $5,226,247,000 after purchasing an additional 1,224,122 shares during the last quarter. LPL Financial LLC lifted its position in Vanguard Total Stock Market ETF by 0.7% in the 1st quarter. LPL Financial LLC now owns 12,996,720 shares of the company’s stock valued at $3,572,018,000 after purchasing an additional 90,381 shares during the last quarter. WealthNavi Inc. lifted its position 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 valued at $3,754,404,000 after purchasing an additional 895,647 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Vanguard Total Stock Market ETF by 4.0% in the 1st quarter. Northern Trust Corp now owns 9,763,667 shares of the company’s stock valued at $2,683,446,000 after purchasing an additional 378,147 shares during the last quarter. Institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Stock Down 1.1%

Shares of NYSEARCA:VTI opened at $334.08 on Friday. The company has a market cap of $557.14 billion, a PE ratio of 24.26 and a beta of 1.02. The company’s 50-day moving average price is $326.21 and its 200 day moving average price is $305.87. Vanguard Total Stock Market ETF has a fifty-two week low of $236.42 and a fifty-two week high of $339.06.

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.