Pinnacle Financial Partners Inc Increases Position in Vanguard Total Stock Market ETF $VTI

Pinnacle Financial Partners Inc lifted its position in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 102,805 shares of the company’s stock after purchasing an additional 2,098 shares during the period. Vanguard Total Stock Market ETF makes up approximately 0.8% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 27th biggest position. Pinnacle Financial Partners Inc’s holdings in Vanguard Total Stock Market ETF were worth $33,738,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC lifted its position in shares of Vanguard Total Stock Market ETF by 30,685.3% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 150,330,714 shares of the company’s stock valued at $45,690,014,000 after acquiring an additional 149,842,394 shares in the last quarter. Vanguard Group Inc. raised its stake in Vanguard Total Stock Market ETF by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 58,768,332 shares of the company’s stock valued at $17,861,458,000 after purchasing an additional 2,851,931 shares during the period. Betterment LLC raised its stake in Vanguard Total Stock Market ETF by 0.8% during the 2nd quarter. Betterment LLC now owns 26,303,687 shares of the company’s stock valued at $7,994,480,000 after purchasing an additional 209,074 shares during the period. Wealthfront Advisers LLC lifted its holdings in Vanguard Total Stock Market ETF by 7.7% in the 2nd quarter. Wealthfront Advisers LLC now owns 17,195,561 shares of the company’s stock worth $5,226,247,000 after purchasing an additional 1,224,122 shares in the last quarter. Finally, WealthNavi Inc. boosted its stake in Vanguard Total Stock Market ETF by 7.8% in the 2nd quarter. WealthNavi Inc. now owns 12,352,859 shares of the company’s stock worth $3,754,404,000 after purchasing an additional 895,647 shares during the period. Institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Price Performance

Shares of VTI opened at $341.85 on Friday. The firm has a market cap of $582.13 billion, a P/E ratio of 24.26 and a beta of 1.02. Vanguard Total Stock Market ETF has a 1 year low of $236.42 and a 1 year high of $343.67. The company has a 50 day simple moving average of $335.64 and a two-hundred day simple moving average of $325.64.

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.