Kovack Advisors Inc. Grows Stock Position in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Kovack Advisors Inc. raised its holdings in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,437 shares of the company’s stock after purchasing an additional 2,981 shares during the period. Vanguard Total Stock Market ETF comprises approximately 0.9% of Kovack Advisors Inc.’s holdings, making the stock its 21st largest holding. Kovack Advisors Inc.’s holdings in Vanguard Total Stock Market ETF were worth $9,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schnieders Capital Management LLC bought a new position in shares of Vanguard Total Stock Market ETF in the fourth quarter worth $303,000. Allegiance Financial Group Advisory Services LLC raised its stake in shares of Vanguard Total Stock Market ETF by 6.1% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 113,607 shares of the company’s stock worth $32,925,000 after purchasing an additional 6,526 shares in the last quarter. GenTrust LLC raised its stake in shares of Vanguard Total Stock Market ETF by 1.2% during the 4th quarter. GenTrust LLC now owns 107,901 shares of the company’s stock worth $31,271,000 after purchasing an additional 1,238 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Vanguard Total Stock Market ETF during the 4th quarter worth about $77,000. Finally, NewEdge Wealth LLC increased its holdings in shares of Vanguard Total Stock Market ETF by 4.3% during the 4th quarter. NewEdge Wealth LLC now owns 97,210 shares of the company’s stock valued at $28,172,000 after acquiring an additional 4,018 shares during the last quarter.

Vanguard Total Stock Market ETF Stock Up 0.0 %

VTI opened at $293.05 on Thursday. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 25.79 and a beta of 1.03. The stock’s 50 day moving average price is $296.13 and its two-hundred day moving average price is $289.19. Vanguard Total Stock Market ETF has a 12-month low of $244.57 and a 12-month high of $303.39.

About Vanguard Total Stock Market ETF

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.