Peak Asset Management Boosts Stake in Vanguard ETF by 5.7%
Peak Asset Management LLC has increased its holdings in the Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 5.7% during the first quarter of the year. This change was disclosed in the firm’s latest filing with the Securities and Exchange Commission. After acquiring an additional 179 shares, Peak Asset Management now owns 3,304 shares, valued at approximately $908,000.
This adjustment in holdings is part of a larger trend among institutional investors. Notably, GAMMA Investing LLC significantly expanded its stake in the Vanguard ETF, increasing it by an astounding 34,044.0%. Following this increase, GAMMA now possesses 1,623,205 shares worth nearly $446.1 million, after purchasing an additional 1,618,451 shares in the last quarter.
Another significant player, Mercer Global Advisors Inc. ADV, also raised its stake in the ETF by 216.5% during the fourth quarter. Mercer now holds 1,180,761 shares, valued at $342 million, after adding 807,748 shares to its portfolio. Similarly, Auto Owners Insurance Co increased its position by an impressive 2,201.4% in the first quarter, bringing its total to 842,316 shares worth approximately $231.5 million.
Additionally, HB Wealth Management LLC grew its holdings by 7.4% in the same period, now owning 8,458,435 shares valued at about $2.22 billion after acquiring 584,628 shares. Heck Capital Advisors LLC also made headlines by purchasing a new position in the ETF worth approximately $150.4 million during the fourth quarter. Currently, institutional investors collectively own 28.92% of the Vanguard Total Stock Market ETF.
Current Stock Performance of Vanguard ETF
As of the latest trading day, shares of VTI opened at $313.69. The ETF has a 50-day moving average price of $299.30 and a 200-day moving average price of $288.23. The ETF has experienced a 52-week range, with a low of $236.42 and a high of $313.93. The market capitalization of the Vanguard Total Stock Market ETF stands at approximately $516.44 billion, with a price-to-earnings (PE) ratio of 24.26 and a beta value of 1.02, indicating market volatility.
Understanding Vanguard Total Stock Market ETF
The Vanguard Total Stock Market ETF is an exchange-traded fund designed to provide investors with exposure to the entire U.S. stock market. It employs a passive management strategy that aims to track the MSCI US Broad Market Index. This index encompasses more than 99.5% of the total market capitalization of all common stocks traded on major exchanges in the United States, including the New York Stock Exchange, American Stock Exchange, and the Nasdaq over-the-counter market.
With growing interest from institutional investors and its strong performance metrics, the Vanguard Total Stock Market ETF continues to be a significant player in the investment landscape.
