Sovereign Financial Group Inc. Decreases Stock Position in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Sovereign Financial Group Inc. lowered its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 23.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,433 shares of the company’s stock after selling 750 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Vanguard Total Stock Market ETF were worth $669,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at about $29,000. Denver PWM LLC purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at about $33,000. Pinney & Scofield Inc. purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at about $41,000. Promus Capital LLC purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at about $43,000. Finally, Wagner Wealth Management LLC purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter valued at about $44,000.

Vanguard Total Stock Market ETF Trading Up 1.2%

Shares of NYSEARCA VTI opened at $295.12 on Friday. The firm’s 50-day moving average price is $275.12 and its 200-day moving average price is $286.65. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 24.99 and a beta of 1.03. Vanguard Total Stock Market ETF has a 12-month low of $236.42 and a 12-month high of $303.39.

Vanguard Total Stock Market ETF Company 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.