First Business Financial Services Inc. Trims Stock Holdings in Vanguard Total Stock Market ETF $VTI

First Business Financial Services Inc. reduced its stake in shares of Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 807,129 shares of the company’s stock after selling 94,933 shares during the quarter. Vanguard Total Stock Market ETF comprises 24.3% of First Business Financial Services Inc.’s portfolio, making the stock its biggest position. First Business Financial Services Inc.’s holdings in Vanguard Total Stock Market ETF were worth $264,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Gallagher Fiduciary Advisors LLC grew its holdings in shares of Vanguard Total Stock Market ETF by 30,685.3% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 150,330,714 shares of the company’s stock valued at $45,690,014,000 after buying an additional 149,842,394 shares during the period. Rakuten Investment Management Inc. bought a new position in Vanguard Total Stock Market ETF during the third quarter worth about $15,530,622,000. Symphony Financial Ltd. Co. lifted its holdings in Vanguard Total Stock Market ETF by 40,887.2% during the second quarter. Symphony Financial Ltd. Co. now owns 7,376,472 shares of the company’s stock worth $2,242,006,000 after acquiring an additional 7,358,475 shares in the last quarter. Vanguard Group Inc. grew its stake in Vanguard Total Stock Market ETF by 5.1% in the second quarter. Vanguard Group Inc. now owns 58,768,332 shares of the company’s stock valued at $17,861,458,000 after acquiring an additional 2,851,931 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Vanguard Total Stock Market ETF by 105.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 3,514,970 shares of the company’s stock worth $1,068,305,000 after acquiring an additional 1,800,000 shares in the last quarter. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Vanguard Total Stock Market ETF Price Performance

NYSEARCA VTI opened at $339.08 on Thursday. Vanguard Total Stock Market ETF has a one year low of $236.42 and a one year high of $343.67. The firm has a market cap of $577.42 billion, a P/E ratio of 24.26 and a beta of 1.02. The stock’s 50-day moving average is $335.83 and its 200-day moving average is $326.45.

Vanguard Total Stock Market ETF Company Profile

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.