169,215 Shares in Vanguard Total Stock Market ETF $VTI Purchased by Arax Advisory Partners

Arax Advisory Partners acquired a new position in Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the fourth quarter, HoldingsChannel reports. The fund acquired 169,215 shares of the company’s stock, valued at approximately $56,733,000. Vanguard Total Stock Market ETF comprises 1.7% of Arax Advisory Partners’ investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in VTI. Core Wealth Advisors LLC purchased a new stake in Vanguard Total Stock Market ETF in the fourth quarter worth about $30,000. Hilton Head Capital Partners LLC purchased a new stake in Vanguard Total Stock Market ETF in the fourth quarter worth about $31,000. Wealth Watch Advisors INC purchased a new stake in Vanguard Total Stock Market ETF in the third quarter worth about $31,000. Basepoint Wealth LLC purchased a new stake in Vanguard Total Stock Market ETF in the fourth quarter worth about $32,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in Vanguard Total Stock Market ETF in the second quarter worth about $33,000. 28.92% of the stock is owned by hedge funds and other institutional investors.

Vanguard Total Stock Market ETF Price Performance

NYSEARCA:VTI opened at $366.36 on Friday. Vanguard Total Stock Market ETF has a 1-year low of $291.97 and a 1-year high of $374.70. The company has a 50-day moving average of $355.77 and a 200 day moving average of $342.68. The firm has a market cap of $640.11 billion, a PE ratio of 24.26 and a beta of 1.01.

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.