Kovack Advisors Inc. Raises Position in Vanguard Total Stock Market ETF $VTI

Kovack Advisors Inc. increased its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 48.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,602 shares of the company’s stock after purchasing an additional 11,879 shares during the quarter. Vanguard Total Stock Market ETF comprises about 0.6% of Kovack Advisors Inc.’s holdings, making the stock its 21st largest position. Kovack Advisors Inc.’s holdings in Vanguard Total Stock Market ETF were worth $12,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Polen Capital Management LLC purchased a new position in Vanguard Total Stock Market ETF in the 4th quarter worth approximately $1,903,000. Sepio Capital LP raised its stake in shares of Vanguard Total Stock Market ETF by 12.9% during the fourth quarter. Sepio Capital LP now owns 6,994 shares of the company’s stock valued at $2,345,000 after purchasing an additional 801 shares during the period. Cowa LLC raised its stake in shares of Vanguard Total Stock Market ETF by 13.0% during the fourth quarter. Cowa LLC now owns 1,281 shares of the company’s stock valued at $426,000 after purchasing an additional 147 shares during the period. Absolute Capital Management LLC lifted its position in shares of Vanguard Total Stock Market ETF by 54.6% during the fourth quarter. Absolute Capital Management LLC now owns 10,298 shares of the company’s stock worth $3,453,000 after purchasing an additional 3,636 shares in the last quarter. Finally, Nuveen LLC boosted its stake in shares of Vanguard Total Stock Market ETF by 28.4% in the fourth quarter. Nuveen LLC now owns 157,379 shares of the company’s stock valued at $52,764,000 after purchasing an additional 34,779 shares during the period. 28.92% of the stock is owned by institutional investors and hedge funds.

Vanguard Total Stock Market ETF Trading Up 1.7%

VTI opened at $364.30 on Friday. Vanguard Total Stock Market ETF has a twelve month low of $291.97 and a twelve month high of $374.70. The firm has a market cap of $636.51 billion, a price-to-earnings ratio of 24.26 and a beta of 1.01. The company has a fifty day simple moving average of $354.91 and a 200 day simple moving average of $342.51.

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. 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.