1. Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI)
5-Year Share Price Performance as of March 25: 78.74%
Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI) aims to replicate the CRSP US Total Market Index’s performance, comprising large, mid, and small-cap equities diversified across growth and value styles. It utilizes a passively managed, index-sampling approach. It is one of the best defensive ETFs to invest in. The fund was launched May 24, 2001. As of February 29, 2024, Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI)’s portfolio consists of 3731 stocks, and its net assets equal $1.5 trillion.
Apple Inc. (NASDAQ:AAPL) is one of the top holdings of Vanguard Total Stock Market Index Fund ETF Shares (NYSE:VTI). On March 25, Wedbush reaffirmed its Outperform rating and a $250 price target for Apple Inc. (NASDAQ:AAPL), citing the current period as an opportunity for further growth, particularly with Apple’s involvement in the artificial intelligence revolution. Additionally, Wedbush noted that Apple CEO Tim Cook’s recent trip to China aims to strengthen the company’s presence in the region, despite existing geopolitical tensions.
According to Insider Monkey’s fourth quarter database, 131 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), compared to 134 funds in the last quarter.
Orbis Global Equity Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:
“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple Inc. (NASDAQ:AAPL) at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.”
Follow Apple Inc. (NASDAQ:AAPL)
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