Financial Discovery Group Inc. Purchases Shares of 2,224 Vanguard Total Stock Market ETF $VTI

Financial Discovery Group Inc. purchased a new stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 2,224 shares of the ETF’s stock, valued at approximately $713,000. Vanguard Total Stock Market ETF makes up about 1.7% of Financial Discovery Group Inc.’s investment portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in Vanguard Total Stock Market ETF in the 4th quarter valued at approximately $30,000. Hilton Head Capital Partners LLC acquired a new position in Vanguard Total Stock Market ETF during the 4th quarter worth $31,000. Wealth Watch Advisors INC acquired a new position in Vanguard Total Stock Market ETF during the 3rd quarter worth $31,000. Basepoint Wealth LLC acquired a new position in Vanguard Total Stock Market ETF during the 4th quarter worth $32,000. Finally, Torren Management LLC bought a new position in shares of Vanguard Total Stock Market ETF in the fourth quarter worth $36,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Vanguard Total Stock Market ETF Stock Performance

Shares of VTI opened at $367.01 on Friday. The firm has a market capitalization of $657.90 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. Vanguard Total Stock Market ETF has a one year low of $304.40 and a one year high of $374.70. The stock’s fifty day moving average is $367.64 and its 200-day moving average is $348.41.

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.