Summit Global Investments Grows Stake in Vanguard Total Stock Market ETF $VTI

Summit Global Investments increased its holdings in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,334 shares of the company’s stock after purchasing an additional 2,593 shares during the period. Summit Global Investments’ holdings in Vanguard Total Stock Market ETF were worth $4,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. purchased a new position in shares of Vanguard Total Stock Market ETF in the second quarter worth $29,000. Strategic Wealth Investment Group LLC purchased a new position in Vanguard Total Stock Market ETF during the second quarter valued at $33,000. Anfield Capital Management LLC bought a new stake in Vanguard Total Stock Market ETF in the 2nd quarter valued at $45,000. Berkshire Money Management Inc. purchased a new stake in Vanguard Total Stock Market ETF in the 2nd quarter worth $60,000. Finally, Bank of Jackson Hole Trust lifted its stake in Vanguard Total Stock Market ETF by 15.9% in the 2nd quarter. Bank of Jackson Hole Trust now owns 240 shares of the company’s stock worth $73,000 after purchasing an additional 33 shares in the last quarter. 28.92% of the stock is currently owned by institutional investors.

Vanguard Total Stock Market ETF Stock Down 0.2%

VTI opened at $342.29 on Friday. The company has a market capitalization of $582.88 billion, a PE ratio of 24.26 and a beta of 1.02. The firm has a 50-day simple moving average of $337.76 and a two-hundred day simple moving average of $327.78. Vanguard Total Stock Market ETF has a 52 week low of $236.42 and a 52 week high of $344.42.

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.