Vanguard S&P 500 ETF (NYSEARCA:VOO) is Sheets Smith Wealth Management’s Largest Position

Sheets Smith Wealth Management cut its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 35.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,270 shares of the company’s stock after selling 32,172 shares during the period. Vanguard S&P 500 ETF accounts for 3.8% of Sheets Smith Wealth Management’s investment portfolio, making the stock its largest holding. Sheets Smith Wealth Management’s holdings in Vanguard S&P 500 ETF were worth $31,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC increased its stake in Vanguard S&P 500 ETF by 10.4% in the first quarter. Quent Capital LLC now owns 1,871 shares of the company’s stock valued at $899,000 after purchasing an additional 176 shares during the last quarter. Anchor Capital Advisors LLC acquired a new position in shares of Vanguard S&P 500 ETF in the 1st quarter valued at $376,000. Choate Investment Advisors grew its position in shares of Vanguard S&P 500 ETF by 331.4% in the 1st quarter. Choate Investment Advisors now owns 21,951 shares of the company’s stock valued at $10,552,000 after buying an additional 16,863 shares during the last quarter. NorthRock Partners LLC raised its stake in Vanguard S&P 500 ETF by 1.4% during the 1st quarter. NorthRock Partners LLC now owns 3,376 shares of the company’s stock worth $1,623,000 after acquiring an additional 48 shares in the last quarter. Finally, Capital Square LLC purchased a new stake in Vanguard S&P 500 ETF in the first quarter valued at $278,000.

Vanguard S&P 500 ETF Price Performance

NYSEARCA VOO opened at $549.95 on Friday. The company has a fifty day moving average of $525.28 and a two-hundred day moving average of $505.37. The company has a market capitalization of $498.23 billion, a PE ratio of 25.04 and a beta of 1.00. Vanguard S&P 500 ETF has a 1 year low of $398.21 and a 1 year high of $551.24.

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.