Summit Investment Advisory Services LLC Cuts Stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Summit Investment Advisory Services LLC trimmed its position in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,232 shares of the company’s stock after selling 106 shares during the period. Vanguard Total Stock Market ETF makes up approximately 2.7% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 8th biggest position. Summit Investment Advisory Services LLC’s holdings in Vanguard Total Stock Market ETF were worth $4,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in Vanguard Total Stock Market ETF by 860,164.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 694,655,186 shares of the company’s stock valued at $132,811,125,000 after purchasing an additional 694,574,437 shares during the last quarter. Vanguard Group Inc. boosted its stake in Vanguard Total Stock Market ETF by 11.0% during the 3rd quarter. Vanguard Group Inc. now owns 35,233,967 shares of the company’s stock valued at $7,484,047,000 after purchasing an additional 3,502,678 shares during the last quarter. Betterment LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 0.3% in the 3rd quarter. Betterment LLC now owns 29,652,373 shares of the company’s stock worth $6,298,461,000 after buying an additional 91,152 shares during the last quarter. US Bancorp DE boosted its stake in shares of Vanguard Total Stock Market ETF by 5.9% in the 3rd quarter. US Bancorp DE now owns 19,655,122 shares of the company’s stock worth $4,174,945,000 after buying an additional 1,092,393 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 0.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 14,380,733 shares of the company’s stock worth $3,054,685,000 after buying an additional 82,804 shares during the last quarter.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA VTI traded up $0.20 during midday trading on Thursday, reaching $259.93. The company’s stock had a trading volume of 2,668,123 shares, compared to its average volume of 3,276,921. Vanguard Total Stock Market ETF has a 12-month low of $198.61 and a 12-month high of $261.07. The firm has a 50 day moving average price of $249.81 and a 200-day moving average price of $232.21. The stock has a market capitalization of $366.50 billion, a P/E ratio of 18.80 and a beta of 1.02.

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.