Sheets Smith Wealth Management Has $49.94 Million Position in Vanguard S&P 500 ETF $VOO

Sheets Smith Wealth Management lowered its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2.2% in the 2nd quarter, Holdings Channel reports. The firm owned 72,716 shares of the company’s stock after selling 1,632 shares during the period. Vanguard S&P 500 ETF accounts for 5.0% of Sheets Smith Wealth Management’s portfolio, making the stock its 3rd biggest holding. Sheets Smith Wealth Management’s holdings in Vanguard S&P 500 ETF were worth $49,942,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bill Few Associates Inc. boosted its stake in shares of Vanguard S&P 500 ETF by 30.4% in the 2nd quarter. Bill Few Associates Inc. now owns 13,143 shares of the company’s stock worth $9,026,000 after buying an additional 3,064 shares during the last quarter. Glassman Wealth Services grew its position in Vanguard S&P 500 ETF by 1.0% during the first quarter. Glassman Wealth Services now owns 288,044 shares of the company’s stock valued at $172,121,000 after buying an additional 2,991 shares during the period. Fullerton Fund Management Co Ltd. purchased a new stake in Vanguard S&P 500 ETF during the fourth quarter valued at approximately $5,677,000. Motley Fool Wealth Management LLC increased its holdings in Vanguard S&P 500 ETF by 89.9% during the fourth quarter. Motley Fool Wealth Management LLC now owns 47,848 shares of the company’s stock valued at $30,007,000 after buying an additional 22,658 shares during the last quarter. Finally, Lyell Wealth Management LP raised its position in Vanguard S&P 500 ETF by 8.1% in the fourth quarter. Lyell Wealth Management LP now owns 11,706 shares of the company’s stock worth $7,341,000 after acquiring an additional 876 shares during the period.

Vanguard S&P 500 ETF Price Performance

Shares of Vanguard S&P 500 ETF stock opened at $707.24 on Friday. Vanguard S&P 500 ETF has a 1-year low of $578.46 and a 1-year high of $716.39. The company’s fifty day simple moving average is $693.13 and its 200-day simple moving average is $662.96. The stock has a market capitalization of $1.01 trillion, a PE ratio of 24.97 and a beta of 1.00.

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. The Fund employs a passive management-or indexing-investment approach designed to track the performance of the Standard & Poor’s 500 Index.