US Stock Market Move | Vanguard Group increases holdings in GameStop Corp. Class A (GME.US), pre-market trading up nearly 3%

On Friday, GameStop Corp. Class A (GME.US) rose nearly 3% in pre-market trading, up 56% year-to-date to $28.14. On the news front, regulatory filings show that asset management giant Vanguard Group recently increased its stake in GameStop Corp. Class A. According to documents filed with the U.S. Securities and Exchange Commission (SEC), Vanguard currently holds approximately 37.11 million shares of GameStop Corp. Class A, representing 8.7% of the company's shares. Prior to this, Vanguard held about 29.70 million shares, representing 6.87% of the shares, making it the largest institutional investor in GameStop Corp. Class A.