Sovereign Financial Group Inc. Purchases 1,638 Shares of Vanguard S&P 500 ETF $VOO

Sovereign Financial Group Inc. grew its position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 21.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,321 shares of the company’s stock after buying an additional 1,638 shares during the quarter. Vanguard S&P 500 ETF comprises about 1.1% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 21st largest position. Sovereign Financial Group Inc.’s holdings in Vanguard S&P 500 ETF were worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atala Financial Inc bought a new position in shares of Vanguard S&P 500 ETF during the first quarter valued at about $28,000. Redmont Wealth Advisors LLC bought a new position in Vanguard S&P 500 ETF in the first quarter worth about $29,000. Bernard Wealth Management Corp. bought a new position in Vanguard S&P 500 ETF in the second quarter worth about $30,000. Lord & Richards Wealth Management LLC bought a new position in Vanguard S&P 500 ETF in the first quarter worth about $40,000. Finally, Bay Harbor Wealth Management LLC raised its stake in Vanguard S&P 500 ETF by 800.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 72 shares of the company’s stock worth $41,000 after buying an additional 64 shares in the last quarter.

Vanguard S&P 500 ETF Price Performance

VOO stock opened at $600.51 on Friday. Vanguard S&P 500 ETF has a 1 year low of $442.80 and a 1 year high of $619.60. The company has a market cap of $747.28 billion, a P/E ratio of 24.97 and a beta of 1.00. The firm has a 50-day moving average of $599.37 and a 200 day moving average of $558.73.

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.