Cannon Financial Strategists Inc. Takes Position in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Cannon Financial Strategists Inc. bought a new stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) in the second quarter, Holdings Channel reports. The fund bought 67,004 shares of the company’s stock, valued at approximately $17,924,000. Vanguard Total Stock Market ETF comprises 3.4% of Cannon Financial Strategists Inc.’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of VTI. Brightwater Advisory LLC bought a new position in Vanguard Total Stock Market ETF in the 2nd quarter valued at $927,000. Heritage Wealth Management Inc. bought a new position in Vanguard Total Stock Market ETF in the 2nd quarter valued at $806,000. Lazari Capital Management Inc. boosted its holdings in Vanguard Total Stock Market ETF by 659.1% in the 2nd quarter. Lazari Capital Management Inc. now owns 15,137 shares of the company’s stock valued at $4,049,000 after purchasing an additional 13,143 shares during the period. Sanctuary Advisors LLC bought a new position in Vanguard Total Stock Market ETF in the 2nd quarter valued at $56,798,000. Finally, Creekside Partners bought a new position in Vanguard Total Stock Market ETF in the 2nd quarter valued at $2,604,000.

Vanguard Total Stock Market ETF Price Performance

Shares of NYSEARCA:VTI opened at $280.58 on Wednesday. The firm has a fifty day moving average price of $272.84 and a two-hundred day moving average price of $265.52. Vanguard Total Stock Market ETF has a one year low of $202.44 and a one year high of $284.35. The company has a market cap of $420.87 billion, a price-to-earnings ratio of 23.62 and a beta of 1.02.

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.