Mullen: Vanguard adds a total of 11.5 million shares through four Funds in Q2

Written by Cláudio Afonso | | LinkedIn | Twitter

According to the latest forms filed with the SEC, Vanguard added a total of 11,472,880 shares in the EV startup Mullen Automotive during the second quarter of the year through four of its Funds.

When the shares bought by its Funds to the 11,637,069 shares added by Vanguard Group it brings the total number of added shares up to 23 million.

Vanguard’s Total Stock Market Index Fund added 7,840,200 Mullen shares ending the quarter holding nearly 8.8 million while Vanguard’s Extended Market Index Fund bought 3,183,904 after reporting only 122,021 as of 31 March 2022.

During the second quarter, also the Institutional Total Stock Market Index Fund and the Balanced Index Fund opened a position in Mullen for the first time adding 206,976 and 241,800 shares, respectively.

Created in 1992, Vanguard Total Stock Market Index Fund is designed to “provide investors with exposure to the entire U.S. equity market, including small-, mid-, and large-cap growth and value stocks” Vanguard says. As of August 30, the fund was down 16.60% year to date.

Vanguard FundShares added in Q2Shares holding on June 30
Total Stock Market Index Fund7,840,2008,798,551
Institutional Total Stock Market Index Fund206,976206,976
Extended Market Index Fund3,183,9043,305,925
Balanced Index Fund241,800241,800

Founded in 1975, Vanguard is one of the world’s leading investment management firms offering investments, advice, and retirement services to individual investors, institutions, and financial professionals.

Earlier this month, Vanguard Group reported that bought 11,637,069 common shares in the company. The fund ended the first quarter with slightly over one million shares and closed the second quarter with nearly 13 million shares having an average price of $1,0199 per share.

File DateEffective DateFormReported SharesShares DifferenceChange (%)Value (x1,000)
August 12, 2022End of Q2 202213F12,719,78611,637,0691,074.8012,974
May 13, 2022End of Q1 202213F1,082,717894,716475.913,227

As of August 13, Mullen has 131 institutional owners and shareholders holding a total of 34,392,862 shares, 54 more institutions when compared to mid-May 2022 and an increase of 719% on the total amount of shares they hold — 4.2 million to 34.4 million shares.

Mullen’s largest shareholders include Vanguard Group, BlackRock, Geode Capital Management, Llc, Jane Street Group, Citadel Advisors, Susquehanna International Group, Llp, Citadel Advisors Llc, and Susquehanna International Group.

During Q2 2022, also the world’s largest asset manager BlackRock reported ownership of 7,874,497 shares in the company as of the end of the second quarter, representing an increase in shares of 1,053 percent from Q1 2022.

Written by Cláudio Afonso | | LinkedIn | Twitter