Manning & Napier Advisors LLC Invests $50.68 Million in Vanguard Total Stock Market ETF $VTI

Manning & Napier Advisors LLC bought a new stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) during the second quarter, HoldingsChannel reports. The institutional investor bought 642,972 shares of the ETF’s stock, valued at approximately $50,679,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VTI. Wealthfront Advisers LLC increased its position in Vanguard Total Stock Market ETF by 0.9% during the 4th quarter. Wealthfront Advisers LLC now owns 18,025,283 shares of the ETF’s stock worth $6,043,337,000 after purchasing an additional 163,272 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Vanguard Total Stock Market ETF by 0.7% during the 1st quarter. Bank of America Corp DE now owns 14,287,409 shares of the ETF’s stock worth $4,583,544,000 after purchasing an additional 102,161 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 2.0% during the 4th quarter. LPL Financial LLC now owns 14,079,780 shares of the ETF’s stock worth $4,720,528,000 after purchasing an additional 277,939 shares during the last quarter. WealthNavi Inc. grew its holdings in shares of Vanguard Total Stock Market ETF by 4.4% during the first quarter. WealthNavi Inc. now owns 12,935,073 shares of the ETF’s stock worth $4,149,701,000 after buying an additional 540,294 shares in the last quarter. Finally, Auto Owners Insurance Co grew its holdings in shares of Vanguard Total Stock Market ETF by 58,332.8% during the fourth quarter. Auto Owners Insurance Co now owns 12,270,882 shares of the ETF’s stock worth $4,114,059,000 after buying an additional 12,249,882 shares in the last quarter. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Vanguard Total Stock Market ETF Price Performance

NYSEARCA:VTI opened at $377.07 on Tuesday. The firm has a market cap of $675.93 billion, a PE ratio of 24.26 and a beta of 1.01. The firm has a 50 day simple moving average of $371.75 and a 200-day simple moving average of $354.76. Vanguard Total Stock Market ETF has a 1-year low of $310.40 and a 1-year high of $385.12.

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. The Fund typically holds the largest 1,200 to 1,300 stocks in its target index (covering nearly 95% of the index’s total market capitalization) and a representative sample of the remaining stocks.