M&T Bank Corp Reduces Holdings in Vanguard Total Stock Market ETF
M&T Bank Corp has reduced its investment in the Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 1.1% during the third quarter, as reported in their latest disclosure to the Securities and Exchange Commission. After selling 808 shares during this period, M&T Bank now holds 71,617 shares of the ETF, which had a total value of approximately $20,280,000 at the close of the reporting period.
In addition to M&T Bank’s actions, several other institutional investors have also adjusted their holdings in the Vanguard Total Stock Market ETF. Strategic Financial Concepts LLC significantly increased its stake by 29,053.4% in the second quarter, acquiring a substantial 10,264,028 shares valued at around $2.75 billion after purchasing 10,228,821 shares. The State of New Jersey Common Pension Fund D entered a new investment in the ETF during the same period, with a valuation of approximately $892.9 million. Moreover, Novo Holdings A S and Magnolia Capital Advisors LLC also established new positions worth $277.8 million and $222.1 million, respectively.
WealthNavi Inc. increased its holdings by 3.4% in the third quarter, bringing its total ownership to 11,372,065 shares, valued at roughly $3.22 billion after acquiring 377,631 additional shares.
Vanguard Total Stock Market ETF Performance
As of the latest review, the Vanguard Total Stock Market ETF (NYSEARCA:VTI) shares opened at $293.28. The ETF has recorded a 50-day moving average of $293.34 and a 200-day moving average of $279.84. With a total market capitalization of $439.92 billion, the ETF shows a price-to-earnings ratio of 23.62 and a beta of 1.02, indicating relatively stable performance. Over the past year, VTI has seen lows of $232.40 and highs of $302.95.
Overview of Vanguard Total Stock Market ETF
The Vanguard Total Stock Market ETF is an exchange-traded fund that aims to reflect the performance of the MSCI US Broad Market Index. This index encompasses over 99.5% of the total market capitalization of all publicly traded U.S. common stocks across various exchanges, providing comprehensive exposure to the U.S. stock market.
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For updated information on institutional holders of VTI, please visit HoldingsChannel.com to check the latest 13F filings and insider trades for the Vanguard Total Stock Market ETF.
stocks, ETF, investment