Summit Asset Management LLC Sells 1,300 Shares of Vanguard S&P 500 ETF (NYSEARCA:VOO)

Summit Asset Management LLC decreased its holdings in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 47.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,413 shares of the company’s stock after selling 1,300 shares during the period. Summit Asset Management LLC’s holdings in Vanguard S&P 500 ETF were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its position in Vanguard S&P 500 ETF by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 1,565,875 shares of the company’s stock worth $683,975,000 after acquiring an additional 64,869 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in Vanguard S&P 500 ETF by 27.9% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 275,154 shares of the company’s stock worth $120,187,000 after purchasing an additional 60,032 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Vanguard S&P 500 ETF by 5.5% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 683,184 shares of the company’s stock valued at $298,415,000 after purchasing an additional 35,367 shares during the period. FFT Wealth Management LLC bought a new stake in Vanguard S&P 500 ETF in the 4th quarter valued at $117,155,000. Finally, Summit Financial LLC grew its holdings in Vanguard S&P 500 ETF by 6.2% in the 4th quarter. Summit Financial LLC now owns 37,716 shares of the company’s stock valued at $16,474,000 after buying an additional 2,187 shares in the last quarter.

Vanguard S&P 500 ETF Stock Up 0.5 %

Shares of VOO traded up $2.23 during midday trading on Thursday, reaching $462.16. 2,155,680 shares of the stock were exchanged, compared to its average volume of 5,455,499. The stock’s 50 day simple moving average is $470.57 and its 200 day simple moving average is $441.91. The company has a market cap of $418.70 billion, a P/E ratio of 25.04 and a beta of 1.00. Vanguard S&P 500 ETF has a twelve month low of $370.92 and a twelve month high of $483.23.

Vanguard S&P 500 ETF Company Profile

Vanguard 500 Index Fund (the Fund) is an open-end investment company, or mutual fund. The Fund offers four classes of shares: Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. The Fund seeks to track the investment performance of the Standard & Poor’s 500 Index, an unmanaged benchmark representing the United States large-capitalization stocks.