Riverbend Wealth Management LLC Makes New Investment in Vanguard Total Stock Market ETF $VTI

Riverbend Wealth Management LLC acquired a new stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) during the second quarter, HoldingsChannel.com reports. The firm acquired 1,361 shares of the company’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in Vanguard Total Stock Market ETF in the fourth quarter worth $150,448,000. GAMMA Investing LLC increased its position in Vanguard Total Stock Market ETF by 24.2% during the first quarter. GAMMA Investing LLC now owns 5,906 shares of the company’s stock valued at $1,623,000 after acquiring an additional 1,152 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Vanguard Total Stock Market ETF by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,070,903 shares of the company’s stock valued at $294,327,000 after acquiring an additional 58,034 shares during the period. BostonPremier Wealth LLC raised its stake in shares of Vanguard Total Stock Market ETF by 0.7% in the first quarter. BostonPremier Wealth LLC now owns 155,486 shares of the company’s stock valued at $42,734,000 after acquiring an additional 1,091 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Vanguard Total Stock Market ETF by 3.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 69,913 shares of the company’s stock worth $19,215,000 after acquiring an additional 2,350 shares during the last quarter. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Trading Down 0.8%

VTI stock opened at $325.77 on Friday. The stock has a market cap of $543.28 billion, a PE ratio of 24.26 and a beta of 1.02. Vanguard Total Stock Market ETF has a 12 month low of $236.42 and a 12 month high of $332.20. The company has a 50-day moving average price of $322.62 and a 200 day moving average price of $300.50.

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.