Hoover Financial Advisors Inc. Makes New Investment in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Hoover Financial Advisors Inc. purchased a new position in Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 34,541 shares of the company’s stock, valued at approximately $5,652,000. Vanguard Total Stock Market ETF accounts for 2.8% of Hoover Financial Advisors Inc.’s holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of VTI. Strategic Capital Advisers Inc. acquired a new position in Vanguard Total Stock Market ETF during the third quarter worth $28,000. Strategic Blueprint LLC purchased a new position in Vanguard Total Stock Market ETF during the third quarter worth about $30,000. Horan Capital Advisors LLC. purchased a new position in Vanguard Total Stock Market ETF during the third quarter worth about $35,000. Towerpoint Wealth LLC bought a new stake in Vanguard Total Stock Market ETF in the 3rd quarter worth about $35,000. Finally, Selective Wealth Management Inc. bought a new stake in Vanguard Total Stock Market ETF in the 3rd quarter worth about $37,000.

NYSEARCA:VTI opened at $166.17 on Wednesday. Vanguard Total Stock Market ETF has a 52 week low of $134.84 and a 52 week high of $169.32. The firm has a 50-day moving average price of $164.81 and a two-hundred day moving average price of $155.67.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 26th were paid a $0.8855 dividend. This represents a $3.54 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, December 24th. This is an increase from Vanguard Total Stock Market ETF’s previous quarterly dividend of $0.55.

Vanguard Total Stock Market ETF Company 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.

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Institutional Ownership by Quarter for Vanguard Total Stock Market ETF (NYSEARCA:VTI)

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