M&T Bank Corp Reduces Stake in Vanguard Total Stock Market ETF

M&T Bank Corp has lowered its investment in the Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 1.1% during the third quarter, as revealed in a recent filing with the Securities and Exchange Commission. By the end of the reporting period, the bank held a total of 71,617 shares after selling 808 shares throughout the quarter. The value of M&T Bank Corp's holdings in the Vanguard Total Stock Market ETF was approximately $20,280,000.

Other hedge funds have also been active in buying and selling shares of VTI lately. Notably, Strategic Financial Concepts LLC increased its stake in the ETF by an astonishing 29,053.4% in the second quarter, resulting in ownership of 10,264,028 shares valued at $2,745,730,000 after acquiring an additional 10,228,821 shares. Moreover, the State of New Jersey Common Pension Fund D initiated a new investment in the Vanguard Total Stock Market ETF during the second quarter valued at around $892,895,000. Furthermore, Novo Holdings A S, Magnolia Capital Advisors LLC, and WealthNavi Inc. also made significant adjustments to their stakes, with amounts valued at $277,823,000, $222,087,000, and $3,220,114,000 respectively.

Vanguard Total Stock Market ETF: Performance Analysis

As of Friday, shares of NYSEARCA VTI opened at $293.28. The ETF has a 50-day moving average of $293.34 and a two-hundred day moving average of $279.84. Having a market capitalization of approximately $439.92 billion, VTI displays a price-to-earnings ratio of 23.62 and a beta of 1.02. Over the past year, the ETF has seen a low of $232.40 and a high of $302.95.

Overview of Vanguard Total Stock Market ETF

The Vanguard Total Stock Market ETF is an exchange-traded fund that belongs to the Vanguard Total Stock Market Index Fund family. It utilizes a passive management strategy designed to track the performance of the MSCI US Broad Market Index, representing over 99.5% of the market capitalization of all common stocks traded in the United States on major stock exchanges, including the New York Stock Exchange and NASDAQ.

Conclusion

With M&T Bank Corp adjusting its position in the Vanguard Total Stock Market ETF, along with other hedge funds participating in the trading activities, it reflects the ongoing interest and dynamics surrounding this investment. Investors seeking information about holdings in VTI have numerous resources available, including updates on 13F filings and insider trades.

Vanguard, Stocks, M&T, ETF, Finance