Penobscot Wealth Management Boosts Position in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Penobscot Wealth Management grew its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 134.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,527 shares of the company’s stock after buying an additional 6,039 shares during the quarter. Vanguard S&P 500 ETF makes up approximately 2.3% of Penobscot Wealth Management’s portfolio, making the stock its 10th biggest position. Penobscot Wealth Management’s holdings in Vanguard S&P 500 ETF were worth $5,410,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in Vanguard S&P 500 ETF in the 1st quarter worth approximately $28,000. Redmont Wealth Advisors LLC purchased a new position in shares of Vanguard S&P 500 ETF during the first quarter worth approximately $29,000. Putney Financial Group LLC bought a new stake in shares of Vanguard S&P 500 ETF in the 4th quarter worth approximately $42,000. Delos Wealth Advisors LLC boosted its stake in shares of Vanguard S&P 500 ETF by 166.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 80 shares of the company’s stock valued at $43,000 after purchasing an additional 50 shares in the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of Vanguard S&P 500 ETF in the 4th quarter valued at $48,000.

Vanguard S&P 500 ETF Stock Performance

VOO stock opened at $567.77 on Wednesday. The firm has a market cap of $697.61 billion, a P/E ratio of 24.97 and a beta of 1.00. The firm’s fifty day moving average is $538.65 and its 200 day moving average is $533.80. Vanguard S&P 500 ETF has a 52 week low of $442.80 and a 52 week high of $569.15.

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.