Syntrinsic LLC Expands Investment in Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Syntrinsic LLC has made a strategic move by increasing its investment in the Vanguard Total Stock Market ETF (NYSEARCA:VTI) by 6.8% during the third quarter of the fiscal year. This information comes from the company's recent filing with the Securities and Exchange Commission, known as Form 13F. As a result of this increase, Syntrinsic LLC now owns a total of 6,040 shares of the Vanguard ETF, having added an additional 386 shares throughout this period, highlighting its confidence in the performance of this investment.

The Vanguard Total Stock Market ETF holds a notable place in Syntrinsic LLC's portfolio, making up approximately 0.6% of it. This positions VTI as Syntrinsic's 18th largest holding, which speaks to the importance of this particular investment to the firm's overall strategy. At the close of the most recent quarter, Syntrinsic LLC's shares in the Vanguard ETF were valued at around $1,710,000.

Other institutional investors have also been active in the Vanguard Total Stock Market ETF. GoalFusion Wealth Management LLC, for example, increased its stake by 3.3% in the third quarter. Following this increase, GoalFusion now owns 1,164 shares of the ETF, with a total value of $330,000 after purchasing an additional 37 shares during this reporting period.

Similarly, Cypress Wealth Services LLC expanded its holdings by 2.9% during the second quarter, bringing its total to 1,344 shares valued at $360,000 after acquiring an additional 38 shares. Furthermore, Riverstone Advisors LLC increased its stake by 1.5%, now owning 2,615 shares worth approximately $700,000 after a 38-share purchase in the last quarter.

Smithbridge Asset Management Inc. DE also raised its investment, increasing its position by 0.8% during the first quarter. After acquiring an additional 40 shares, it now holds 4,826 shares valued at $1,254,000. Additionally, SOA Wealth Advisors LLC increased its holdings by 2.1% in the second quarter, now maintaining a total of 1,970 shares valued at $527,000 following a purchase of 40 shares.

Current Performance of Vanguard Total Stock Market ETF

As of Thursday, the Vanguard Total Stock Market ETF's shares opened at $284.50. The ETF boasts a significant market capitalization of approximately $426.75 billion and has a price-to-earnings (PE) ratio of 23.62. With a beta of 1.02, the ETF reflects a moderate level of market risk. The current fifty-day moving average stands at $274.12, and the 200-day moving average is at $266.35. Over the past year, the ETF has seen a low of $202.44 and a high of $284.74.

Overview of Vanguard Total Stock Market ETF

The Vanguard Total Stock Market ETF is an exchange-traded fund that represents a share class of the Vanguard Total Stock Market Index Fund. This fund utilizes a passive management strategy aimed at tracking the performance of the MSCI US Broad Market Index. This index captures over 99.5% of the total market capitalization of all U.S. common stocks traded on major stock exchanges, including the New York Stock Exchange and the Nasdaq.

Final Thoughts

In conclusion, Syntrinsic LLC's increased investment in the Vanguard Total Stock Market ETF reflects a broader trend among institutional investors looking to leverage the benefits of diversified stock market exposure. With many firms making similar adjustments, the Vanguard Total Stock Market ETF continues to be a significant player in the investment landscape.

Investment, Stocks, Growth