M&T Bank Corp Reduces Stake in Vanguard Total Stock Market ETF

M&T Bank Corp has slightly reduced its investment in the Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 1.1% during the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). Following the sale of 808 shares during the quarter, M&T Bank Corp now holds a total of 71,617 shares of the ETF. The value of these shares is estimated at approximately $20,280,000 as of the end of the last reporting period.

In addition to M&T Bank Corp, several other hedge funds have also made adjustments to their positions in VTI recently. Strategic Financial Concepts LLC significantly increased its stake by 29,053.4% in the second quarter. The firm now owns 10,264,028 shares, which are valued at around $2,745,730,000, following the purchase of an additional 10,228,821 shares during that time. The State of New Jersey Common Pension Fund D entered the market with a new position valued at about $892,895,000 in the same quarter. Novo Holdings A S also acquired a new position in VTI worth approximately $277,823,000. Magnolia Capital Advisors LLC purchased a new stake in the ETF valued at about $222,087,000 during the second quarter. Lastly, WealthNavi Inc. increased its holdings in VTI by 3.4% in the third quarter, resulting in ownership of 11,372,065 shares valued at $3,220,114,000 after buying an additional 377,631 shares.

Performance of Vanguard Total Stock Market ETF

On Friday, shares of NYSEARCA VTI opened at a price of $293.28. The ETF has a 50-day moving average of $293.34 and a two-hundred-day moving average of $279.84. With a market capitalization of $439.92 billion, the ETF has a price-to-earnings ratio of 23.62 and a beta of 1.02. Over the past year, Vanguard Total Stock Market ETF has seen a low of $232.40 and a high of $302.95.

Overview of Vanguard Total Stock Market ETF

The Vanguard Total Stock Market ETF is an exchange-traded fund that serves as a share class of the Vanguard Total Stock Market Index Fund. This fund follows a passive management approach aimed at tracking the performance of the MSCI US Broad Market Index, which encompasses approximately 99.5% of the total market capitalization of all common stocks in the United States that are trading on major exchanges, such as the New York Stock Exchange and Nasdaq.

investment, ETF, shares