Vanguard Total Stock Market ETF (NYSEARCA:VTI) Reaches New 12-Month High – Here’s Why

Vanguard Total Stock Market ETF (NYSEARCA:VTI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $357.15 and last traded at $357.10, with a volume of 1948762 shares. The stock had previously closed at $353.98.

Vanguard Total Stock Market ETF Price Performance

The stock has a 50-day moving average of $334.99 and a 200-day moving average of $335.67. The firm has a market cap of $623.74 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01.

Institutional Investors Weigh In On Vanguard Total Stock Market ETF

A number of large investors have recently modified their holdings of VTI. Rakuten Investment Management Inc. acquired a new stake in shares of Vanguard Total Stock Market ETF in the 3rd quarter valued at $15,530,622,000. Auto Owners Insurance Co boosted its holdings in shares of Vanguard Total Stock Market ETF by 58,332.8% in the 4th quarter. Auto Owners Insurance Co now owns 12,270,882 shares of the company’s stock valued at $4,114,059,000 after purchasing an additional 12,249,882 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Vanguard Total Stock Market ETF in the 4th quarter valued at $210,276,000. Narodna banka Slovenska acquired a new stake in shares of Vanguard Total Stock Market ETF in the 1st quarter valued at $1,762,447,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Vanguard Total Stock Market ETF by 208.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,997,096 shares of the company’s stock valued at $655,190,000 after purchasing an additional 3,842,502 shares in the last quarter. Institutional investors and hedge funds own 28.92% of the company’s stock.

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.