Pinnacle Associates Ltd. Has $9.73 Million Stock Position in Vanguard S&P 500 ETF $VOO

Pinnacle Associates Ltd. decreased its stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,128 shares of the company’s stock after selling 423 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard S&P 500 ETF were worth $9,729,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quaker Wealth Management LLC increased its position in shares of Vanguard S&P 500 ETF by 248.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 77 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Vanguard S&P 500 ETF during the 2nd quarter worth approximately $30,000. Lord & Richards Wealth Management LLC acquired a new position in shares of Vanguard S&P 500 ETF during the 1st quarter worth approximately $40,000. Bay Harbor Wealth Management LLC increased its holdings in shares of Vanguard S&P 500 ETF by 800.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 72 shares of the company’s stock worth $41,000 after acquiring an additional 64 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its holdings in shares of Vanguard S&P 500 ETF by 83.7% during the 1st quarter. Elevate Wealth Advisory Inc. now owns 90 shares of the company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter.

Vanguard S&P 500 ETF Trading Up 0.3%

VOO stock opened at $627.04 on Friday. The firm has a market capitalization of $780.29 billion, a PE ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a 1-year low of $442.80 and a 1-year high of $634.13. The business’s 50 day simple moving average is $608.97 and its 200 day simple moving average is $571.91.

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.