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

Summit Financial LLC increased its stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,661,237 shares of the company’s stock after purchasing an additional 18,370 shares during the quarter. Vanguard Total Stock Market ETF makes up about 8.2% of Summit Financial LLC’s portfolio, making the stock its largest holding. Summit Financial LLC owned about 0.10% of Vanguard Total Stock Market ETF worth $556,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in VTI. Vanguard Group Inc. boosted its position in Vanguard Total Stock Market ETF by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 62,622,049 shares of the company’s stock valued at $20,995,293,000 after buying an additional 2,291,938 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Vanguard Total Stock Market ETF by 0.9% in the fourth quarter. Wealthfront Advisers LLC now owns 18,025,283 shares of the company’s stock valued at $6,043,337,000 after buying an additional 163,272 shares in the last quarter. LPL Financial LLC boosted its position in Vanguard Total Stock Market ETF by 2.0% in the fourth quarter. LPL Financial LLC now owns 14,079,780 shares of the company’s stock valued at $4,720,528,000 after buying an additional 277,939 shares in the last quarter. WealthNavi Inc. boosted its position in Vanguard Total Stock Market ETF by 0.3% in the fourth quarter. WealthNavi Inc. now owns 12,394,779 shares of the company’s stock valued at $4,155,598,000 after buying an additional 32,017 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Vanguard Total Stock Market ETF by 1.1% during 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 acquiring an additional 96,255 shares in the last quarter. Institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Stock Up 0.6%

Shares of VTI stock opened at $366.36 on Friday. The firm has a market capitalization of $640.11 billion, a P/E ratio of 24.26 and a beta of 1.01. Vanguard Total Stock Market ETF has a twelve month low of $291.97 and a twelve month high of $374.70. The stock’s fifty day simple moving average is $355.77 and its 200 day simple moving average is $342.68.

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.