Morris Financial Concepts Inc. Increases Stock Holdings in Vanguard S&P 500 ETF $VOO

Morris Financial Concepts Inc. raised its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2,830.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,048 shares of the company’s stock after acquiring an additional 2,944 shares during the period. Vanguard S&P 500 ETF accounts for 0.7% of Morris Financial Concepts Inc.’s portfolio, making the stock its 26th biggest position. Morris Financial Concepts Inc.’s holdings in Vanguard S&P 500 ETF were worth $1,731,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Fairman Group LLC lifted its holdings in shares of Vanguard S&P 500 ETF by 9.6% in the 2nd quarter. Fairman Group LLC now owns 2,199 shares of the company’s stock valued at $1,253,000 after buying an additional 193 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Vanguard S&P 500 ETF by 4.5% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 701 shares of the company’s stock valued at $398,000 after buying an additional 30 shares during the period. IFG Advisors LLC lifted its holdings in shares of Vanguard S&P 500 ETF by 16.8% in the 2nd quarter. IFG Advisors LLC now owns 82,678 shares of the company’s stock valued at $46,964,000 after buying an additional 11,874 shares during the period. Mutual Advisors LLC lifted its holdings in shares of Vanguard S&P 500 ETF by 9.3% in the 2nd quarter. Mutual Advisors LLC now owns 87,486 shares of the company’s stock valued at $51,230,000 after buying an additional 7,476 shares during the period. Finally, Strategent Financial LLC lifted its holdings in shares of Vanguard S&P 500 ETF by 5.7% in the 2nd quarter. Strategent Financial LLC now owns 43,844 shares of the company’s stock valued at $24,905,000 after buying an additional 2,380 shares during the period.

Vanguard S&P 500 ETF Price Performance

VOO opened at $611.43 on Thursday. The business has a 50 day simple moving average of $601.19 and a 200-day simple moving average of $560.38. The stock has a market capitalization of $760.87 billion, a P/E ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a 12 month low of $442.80 and a 12 month high of $619.60.

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.