Sage Financial Management Group Inc. Takes $8.94 Million Position in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Sage Financial Management Group Inc. purchased a new position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,936 shares of the company’s stock, valued at approximately $8,936,000. Vanguard S&P 500 ETF makes up 3.5% of Sage Financial Management Group Inc.’s portfolio, making the stock its 9th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Marquette Asset Management LLC acquired a new stake in Vanguard S&P 500 ETF in the third quarter valued at about $36,000. Elevate Wealth Advisory Inc. bought a new position in shares of Vanguard S&P 500 ETF in the first quarter worth about $39,000. AlphaMark Advisors LLC lifted its holdings in shares of Vanguard S&P 500 ETF by 641.7% in the first quarter. AlphaMark Advisors LLC now owns 89 shares of the company’s stock worth $43,000 after acquiring an additional 77 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Vanguard S&P 500 ETF in the 2nd quarter valued at approximately $50,000. Finally, Mendota Financial Group LLC acquired a new position in Vanguard S&P 500 ETF in the 3rd quarter worth about $53,000.

Vanguard S&P 500 ETF Trading Up 0.4 %

Shares of VOO stock opened at $537.33 on Friday. The business’s 50-day moving average price is $518.07 and its 200-day moving average price is $498.58. Vanguard S&P 500 ETF has a 12 month low of $375.95 and a 12 month high of $538.76. The firm has a market capitalization of $486.80 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00.

Vanguard S&P 500 ETF 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.