Montz Harcus Wealth Management LLC Increases Position in Vanguard Total Stock Market ETF $VTI

Montz Harcus Wealth Management LLC lifted its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 348.8% in the 1st quarter, Holdings Channel reports. The firm owned 5,569 shares of the company’s stock after purchasing an additional 4,328 shares during the quarter. Vanguard Total Stock Market ETF accounts for approximately 0.7% of Montz Harcus Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Montz Harcus Wealth Management LLC’s holdings in Vanguard Total Stock Market ETF were worth $1,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VTI. Core Wealth Advisors LLC purchased a new position in Vanguard Total Stock Market ETF in the fourth quarter valued at about $30,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter worth approximately $31,000. Wealth Watch Advisors INC purchased a new stake in shares of Vanguard Total Stock Market ETF during the 3rd quarter worth approximately $31,000. Basepoint Wealth LLC acquired a new stake in shares of Vanguard Total Stock Market ETF in the 4th quarter worth approximately $32,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of Vanguard Total Stock Market ETF in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Stock Down 0.7%

NYSEARCA VTI traded down $2.66 during mid-day trading on Tuesday, hitting $369.01. The stock had a trading volume of 1,325,135 shares, compared to its average volume of 5,017,839. The company has a 50 day simple moving average of $364.58 and a 200 day simple moving average of $346.12. The company has a market cap of $654.59 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. Vanguard Total Stock Market ETF has a 52-week low of $304.00 and a 52-week high of $374.70.

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.