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

M&T Bank Corp has slightly reduced its investment in the Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 1.1% during the third quarter, as per its latest filing with the Securities and Exchange Commission. After selling 808 shares during this period, the bank now holds a total of 71,617 shares of the ETF. At the end of the most recent reporting period, M&T Bank Corp's holdings in the Vanguard Total Stock Market ETF were valued at approximately $20,280,000.

In addition to M&T Bank Corp, numerous other hedge funds have also made moves concerning the Vanguard Total Stock Market ETF. For instance, Strategic Financial Concepts LLC significantly increased its holdings by an astounding 29,053.4% during the second quarter, acquiring an additional 10,228,821 shares to own 10,264,028 shares in total, worth about $2,745,730,000. Meanwhile, the State of New Jersey Common Pension Fund D entered a new position valued at around $892,895,000 during the second quarter. Other notable investments included Novo Holdings A S, which also acquired a new position valued at about $277,823,000, and Magnolia Capital Advisors LLC, which purchased shares worth approximately $222,087,000. Finally, WealthNavi Inc. raised its stake by 3.4% in the third quarter, now owning 11,372,065 shares valued at $3,220,114,000 after acquiring an additional 377,631 shares.

Performance of Vanguard Total Stock Market ETF

As of Friday, Vanguard Total Stock Market ETF shares opened at $293.28. The ETF has a 50-day moving average of $293.34 and a 200-day moving average of $279.84. Additionally, the ETF has a market capitalization of approximately $439.92 billion, a price-to-earnings ratio of 23.62, and a beta of 1.02. Over the past year, shares of the ETF have fluctuated, with 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 aims to track the performance of the MSCI US Broad Market Index. This index represents more than 99.5% of the total market capitalization of all U.S. common stocks traded on major stock exchanges, including the New York and American Stock Exchanges, as well as over-the-counter markets. The ETF employs a passive management or indexing investment approach, making it a popular choice for investors seeking broad exposure to the U.S. stock market.

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