Topsail Wealth Management LLC Makes New $30.44 Million Investment in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Topsail Wealth Management LLC bought a new position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 56,494 shares of the company’s stock, valued at approximately $30,440,000. Vanguard S&P 500 ETF comprises approximately 6.5% of Topsail Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also recently modified their holdings of VOO. Your Advocates Ltd. LLP purchased a new stake in Vanguard S&P 500 ETF during the 4th quarter worth approximately $29,000. Asset Management One Co. Ltd. boosted its stake in shares of Vanguard S&P 500 ETF by 185.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 57 shares of the company’s stock worth $31,000 after acquiring an additional 37 shares during the last quarter. Delos Wealth Advisors LLC increased its position in shares of Vanguard S&P 500 ETF by 166.7% during the fourth quarter. Delos Wealth Advisors LLC now owns 80 shares of the company’s stock worth $43,000 after purchasing an additional 50 shares in the last quarter. Sherman Asset Management Inc. acquired a new position in Vanguard S&P 500 ETF in the 4th quarter valued at $52,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Vanguard S&P 500 ETF in the 4th quarter valued at $53,000.

Vanguard S&P 500 ETF Stock Up 2.1 %

Shares of VOO opened at $502.41 on Friday. Vanguard S&P 500 ETF has a 52-week low of $442.80 and a 52-week high of $563.92. The stock has a market cap of $1.42 trillion, a PE ratio of 23.46 and a beta of 1.01. The firm’s fifty day moving average is $513.08 and its two-hundred day moving average is $534.57.

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.