Pinnacle Financial Partners Inc Cuts Stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Pinnacle Financial Partners Inc lessened its stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,442 shares of the company’s stock after selling 5,664 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Vanguard Total Stock Market ETF were worth $30,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VTI. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 27,589.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 10,742,710 shares of the company’s stock valued at $3,113,345,000 after purchasing an additional 10,703,913 shares during the period. Life Planning Partners Inc lifted its stake in Vanguard Total Stock Market ETF by 27,958.9% in the fourth quarter. Life Planning Partners Inc now owns 7,819,168 shares of the company’s stock worth $2,266,073,000 after acquiring an additional 7,791,301 shares during the period. Private Advisor Group LLC lifted its stake in Vanguard Total Stock Market ETF by 89.3% in the fourth quarter. Private Advisor Group LLC now owns 2,183,497 shares of the company’s stock worth $632,799,000 after acquiring an additional 1,029,893 shares during the period. Heck Capital Advisors LLC purchased a new stake in Vanguard Total Stock Market ETF in the fourth quarter worth $150,448,000. Finally, Kovitz Investment Group Partners LLC lifted its stake in Vanguard Total Stock Market ETF by 73.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 832,861 shares of the company’s stock worth $235,833,000 after acquiring an additional 352,460 shares during the period.

Vanguard Total Stock Market ETF Stock Down 1.8 %

Shares of VTI stock opened at $295.92 on Friday. The stock has a fifty day moving average of $296.35 and a 200 day moving average of $288.28. Vanguard Total Stock Market ETF has a 52 week low of $244.57 and a 52 week high of $303.39. The firm has a market capitalization of $443.88 billion, a price-to-earnings ratio of 23.62 and a beta of 1.02.

Vanguard Total Stock Market ETF 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.