Independence Asset Advisors LLC Takes Position in Vanguard Total Stock Market ETF $VTI

Independence Asset Advisors LLC purchased a new position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the third quarter, HoldingsChannel.com reports. The fund purchased 44,720 shares of the company’s stock, valued at approximately $14,676,000. Vanguard Total Stock Market ETF makes up about 6.2% of Independence Asset Advisors LLC’s investment portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in shares of Vanguard Total Stock Market ETF by 0.9% in the 3rd quarter. Federated Hermes Inc. now owns 7,470 shares of the company’s stock valued at $2,451,000 after purchasing an additional 67 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Vanguard Total Stock Market ETF by 2.8% in the third quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 43,066 shares of the company’s stock valued at $14,133,000 after buying an additional 1,192 shares during the period. Truist Financial Corp boosted its holdings in Vanguard Total Stock Market ETF by 3.7% during the third quarter. Truist Financial Corp now owns 749,536 shares of the company’s stock worth $245,975,000 after buying an additional 26,964 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new position in Vanguard Total Stock Market ETF during the third quarter worth about $270,000. Finally, Adamsbrown Wealth Consultants LLC increased its stake in shares of Vanguard Total Stock Market ETF by 4.8% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 2,221 shares of the company’s stock valued at $729,000 after acquiring an additional 102 shares during the last quarter. 28.92% of the stock is owned by institutional investors.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA:VTI opened at $344.40 on Wednesday. The firm’s 50 day simple moving average is $336.96 and its 200 day simple moving average is $327.57. Vanguard Total Stock Market ETF has a fifty-two week low of $236.42 and a fifty-two week high of $343.73. The company has a market capitalization of $586.48 billion, a price-to-earnings ratio of 24.26 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. 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.