Pinnacle Associates Ltd. Has $61.15 Million Stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Pinnacle Associates Ltd. grew its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 215,957 shares of the company’s stock after purchasing an additional 1,260 shares during the quarter. Vanguard Total Stock Market ETF comprises approximately 1.0% of Pinnacle Associates Ltd.’s holdings, making the stock its 19th largest holding. Pinnacle Associates Ltd.’s holdings in Vanguard Total Stock Market ETF were worth $61,150,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hudson Capital Management LLC bought a new position in Vanguard Total Stock Market ETF in the 1st quarter valued at about $763,000. Brickley Wealth Management raised its position in shares of Vanguard Total Stock Market ETF by 8.3% in the first quarter. Brickley Wealth Management now owns 2,367 shares of the company’s stock valued at $615,000 after buying an additional 181 shares in the last quarter. Madrona Financial Services LLC increased its stake in Vanguard Total Stock Market ETF by 2.7% during the 1st quarter. Madrona Financial Services LLC now owns 10,962 shares of the company’s stock worth $2,849,000 after acquiring an additional 285 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of Vanguard Total Stock Market ETF during the 1st quarter valued at $204,000. Finally, Accel Wealth Management lifted its position in Vanguard Total Stock Market ETF by 28.1% during the first quarter. Accel Wealth Management now owns 22,246 shares of the company’s stock worth $5,782,000 after purchasing an additional 4,882 shares during the period.

Vanguard Total Stock Market ETF Price Performance

VTI stock traded up $0.68 during midday trading on Wednesday, reaching $287.76. 892,226 shares of the stock were exchanged, compared to its average volume of 2,976,786. The stock has a market capitalization of $431.64 billion, a PE ratio of 23.62 and a beta of 1.02. The company has a fifty day moving average price of $280.29 and a 200 day moving average price of $269.44. Vanguard Total Stock Market ETF has a 52 week low of $204.82 and a 52 week high of $289.70.

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.