Belleair Asset Management LLC Makes New $1.13 Million Investment in Vanguard Total Stock Market ETF $VTI

Belleair Asset Management LLC acquired a new position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the fourth quarter, Holdings Channel reports. The fund acquired 3,371 shares of the company’s stock, valued at approximately $1,130,000. Vanguard Total Stock Market ETF comprises 1.1% of Belleair Asset Management LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds also recently added to or reduced their stakes in VTI. Wealth Watch Advisors INC purchased a new position in shares of Vanguard Total Stock Market ETF during the 3rd quarter worth approximately $31,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Vanguard Total Stock Market ETF during the 2nd quarter worth approximately $33,000. Torren Management LLC purchased a new position in shares of Vanguard Total Stock Market ETF during the 4th quarter worth approximately $36,000. Burrus Financial Services Inc. raised its stake in shares of Vanguard Total Stock Market ETF by 43.1% during the 4th quarter. Burrus Financial Services Inc. now owns 130,722 shares of the company’s stock worth $44,000 after buying an additional 39,387 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its stake in shares of Vanguard Total Stock Market ETF by 48.4% during the 3rd quarter. Evolution Wealth Management Inc. now owns 141 shares of the company’s stock worth $46,000 after buying an additional 46 shares in the last quarter. 28.92% of the stock is owned by institutional investors and hedge funds.

Vanguard Total Stock Market ETF Trading Up 1.1%

Shares of VTI stock opened at $354.18 on Friday. The company has a market cap of $618.83 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. The stock has a 50 day simple moving average of $334.99 and a 200-day simple moving average of $335.54. Vanguard Total Stock Market ETF has a 12-month low of $273.58 and a 12-month high of $354.69.

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.