Jones Financial Companies Ups Stake in Vanguard Total Stock Market ETF by 22%

In the first quarter of the year, Jones Financial Companies Lllp increased its holdings in Vanguard Total Stock Market ETF (NYSEARCA:VTI), a notable exchange-traded fund, by a significant 22.0%. This information comes from the company’s most recent 13F filing with the Securities and Exchange Commission.

The financial firm, following its recent acquisition spree, now owns a substantial 418,272 shares in Vanguard Total Stock Market ETF. This was after an additional purchase of 75,393 shares in the first quarter.

The financial documents submitted to the Securities and Exchange Commission reveal that the holdings of Jones Financial Companies Lllp in Vanguard Total Stock Market ETF stood at a value of $114,452,000 at the time of the filing.

Several other institutional investors have also adjusted their stakes in Vanguard Total Stock Market ETF. Among these, Wealth Preservation Advisors LLC began a new position in the ETF during the first quarter, with an estimated value of $26,000.

Citizens National Bank Trust Department is another player that started a new position in Vanguard Total Stock Market ETF in the first quarter. The value of their interest stands at approximately $34,000.

Knuff & Co LLC is another newcomer to the Vanguard Total Stock Market ETF investment game, initiating a stake in the first quarter worth around $37,000. HFM Investment Advisors LLC also stepped in with a new position worth the same amount in the same period.

Lastly, Pinney & Scofield Inc. ventured into Vanguard Total Stock Market ETF in the fourth quarter of the preceding year, purchasing a new position valued at $41,000.

Collectively, these exchange-traded funds and hedge funds own slightly over one-fourth of the stock at 28.92%. This goes to show the substantial interest of institutional investors in Vanguard Total Stock Market ETF.

On Friday, Vanguard Total Stock Market ETF opened at $324.31. Over the course of a year, the ETF registered a low of $236.42 and a high of $325.20, denoting a remarkable performance.

At present, the market capitalization of this ETF stands at an enormous $531.61 billion. Moreover, it has a price-to-earnings ratio of 24.26 and a beta measurement of 1.02, proving its solid financial position.

The 50-day average move of the ETF is at a price of $313.85, while its 200-day average stands at $292.73. This illustrates the movement and trend in the price over time.

Vanguard Total Stock Market ETF operates as an exchange-traded share class of the larger Vanguard Total Stock Market Index Fund, providing a diversification of investment opportunities.

The fund employs a passive management or indexing investment strategy. This approach aims to closely follow the performance of the MSCI US Broad Market Index.

Covering nearly the entirety of the market, this index represents 99.5% or more of the total market capitalization of all United States common stocks traded on the New York and American Stock Exchanges, as well as on the Nasdaq over-the-counter market.