M&T Bank Corp Reduces Stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

M&T Bank Corp has reduced its holdings in the Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 1.1% during the third quarter of the year, based on their latest filing with the Securities and Exchange Commission. After selling 808 shares during this period, M&T Bank Corp now owns a total of 71,617 shares of this ETF. The value of their holdings in the Vanguard Total Stock Market ETF is approximately $20,280,000 as reported at the end of the most recent quarter.

In addition to M&T Bank Corp, several other investment firms have also recently adjusted their positions in VTI. For instance, Strategic Financial Concepts LLC made a substantial increase in its stake by 29,053.4% during the second quarter, acquiring 10,264,028 shares valued at around $2,745,730,000 after purchasing an additional 10,228,821 shares. The State of New Jersey Common Pension Fund D initiated a new position with a valuation of about $892,895,000 in the same quarter. Other notable transactions include Novo Holdings A S, which acquired approximately $277,823,000 worth of shares, and Magnolia Capital Advisors LLC, who purchased a new stake valued at roughly $222,087,000. Moreover, WealthNavi Inc. increased its holdings by 3.4% in the third quarter, now holding 11,372,065 shares valued at $3,220,114,000 after securing an additional 377,631 shares last quarter.

Performance Overview of Vanguard Total Stock Market ETF

As of Friday, shares of the Vanguard Total Stock Market ETF opened at $293.28. The ETF has been trading with a 50-day moving average price of $293.34 and a two-hundred-day moving average of $279.84. With a market capitalization of $439.92 billion, it has a price-to-earnings ratio of 23.62, reflecting its current value in the market. The one-year performance indicates a low of $232.40 and a high of $302.95.

Understanding Vanguard Total Stock Market ETF

The Vanguard Total Stock Market ETF, classified as a share class of the Vanguard Total Stock Market Index Fund, follows a passive investment strategy aimed at reflecting the performance of the MSCI US Broad Market Index. This index encapsulates 99.5% or more of the total market capitalization of all U.S. common stocks traded on significant exchanges such as the New York Stock Exchange and the Nasdaq.

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To stay updated on M&T Bank Corp’s and others’ holdings in VTI, consider checking professional financial platforms for the latest filings and trades related to Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report).

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