Sovereign Financial Group Inc. Sells 299 Shares of Vanguard S&P 500 ETF (NYSEARCA:VOO)

Sovereign Financial Group Inc. lowered its position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 3.7% in the first quarter, HoldingsChannel reports. The fund owned 7,683 shares of the company’s stock after selling 299 shares during the period. Vanguard S&P 500 ETF accounts for approximately 0.9% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 23rd largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard S&P 500 ETF were worth $3,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOO. Proficio Capital Partners LLC grew its stake in shares of Vanguard S&P 500 ETF by 22,099.4% during the fourth quarter. Proficio Capital Partners LLC now owns 36,046,464 shares of the company’s stock worth $19,422,195,000 after purchasing an additional 35,884,088 shares during the period. Vanguard Group Inc. grew its stake in shares of Vanguard S&P 500 ETF by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 32,517,360 shares of the company’s stock worth $17,520,679,000 after purchasing an additional 2,516,003 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Vanguard S&P 500 ETF during the fourth quarter worth $14,232,829,000. Bank of America Corp DE grew its stake in shares of Vanguard S&P 500 ETF by 2.2% during the fourth quarter. Bank of America Corp DE now owns 23,912,537 shares of the company’s stock worth $12,884,314,000 after purchasing an additional 511,022 shares during the period. Finally, California Public Employees Retirement System acquired a new stake in shares of Vanguard S&P 500 ETF during the fourth quarter worth $9,202,879,000.

Vanguard S&P 500 ETF Stock Up 1.0%

Shares of Vanguard S&P 500 ETF stock opened at $550.66 on Friday. Vanguard S&P 500 ETF has a 12 month low of $442.80 and a 12 month high of $563.92. The business has a fifty day simple moving average of $514.10 and a 200 day simple moving average of $533.61. The stock has a market cap of $1.55 trillion, a PE ratio of 25.72 and a beta of 1.01.

About Vanguard S&P 500 ETF

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.