Summit Investment Advisors Inc. Decreases Stake in Vanguard S&P 500 ETF $VOO

Summit Investment Advisors Inc. trimmed its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,241 shares of the company’s stock after selling 1,994 shares during the period. Vanguard S&P 500 ETF makes up approximately 31.9% of Summit Investment Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Summit Investment Advisors Inc.’s holdings in Vanguard S&P 500 ETF were worth $38,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quaker Wealth Management LLC increased its position in shares of Vanguard S&P 500 ETF by 248.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 46 shares of the company’s stock valued at $26,000 after purchasing an additional 77 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in Vanguard S&P 500 ETF during the second quarter valued at approximately $30,000. Lord & Richards Wealth Management LLC purchased a new position in shares of Vanguard S&P 500 ETF during the first quarter worth approximately $40,000. Bay Harbor Wealth Management LLC raised its stake in shares of Vanguard S&P 500 ETF by 800.0% during the second quarter. Bay Harbor Wealth Management LLC now owns 72 shares of the company’s stock worth $41,000 after acquiring an additional 64 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its holdings in shares of Vanguard S&P 500 ETF by 83.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 90 shares of the company’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter.

Vanguard S&P 500 ETF Trading Up 0.1%

Shares of NYSEARCA:VOO opened at $616.89 on Friday. The stock has a market capitalization of $767.66 billion, a P/E ratio of 24.97 and a beta of 1.00. The stock’s 50-day moving average price is $611.72 and its 200-day moving average price is $576.69. Vanguard S&P 500 ETF has a 12-month low of $442.80 and a 12-month high of $634.13.

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.