Principal Financial Group Inc. Buys 7,129 Shares of Vanguard S&P 500 ETF (NYSEARCA:VOO)

Principal Financial Group Inc. boosted its stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 12.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 65,173 shares of the company’s stock after purchasing an additional 7,129 shares during the period. Principal Financial Group Inc.’s holdings in Vanguard S&P 500 ETF were worth $35,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Philip James Wealth Mangement LLC bought a new stake in Vanguard S&P 500 ETF during the 4th quarter valued at about $415,000. Hoge Financial Services LLC lifted its holdings in Vanguard S&P 500 ETF by 6.5% during the 4th quarter. Hoge Financial Services LLC now owns 1,188 shares of the company’s stock valued at $640,000 after buying an additional 72 shares in the last quarter. Sierra Ocean LLC bought a new stake in Vanguard S&P 500 ETF during the 4th quarter valued at about $1,312,000. Keystone Financial Services purchased a new position in Vanguard S&P 500 ETF during the 4th quarter valued at about $503,000. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Vanguard S&P 500 ETF by 4.0% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,113 shares of the company’s stock valued at $5,988,000 after purchasing an additional 430 shares during the period.

Vanguard S&P 500 ETF Stock Performance

NYSEARCA VOO opened at $551.75 on Friday. The company has a market capitalization of $499.86 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00. The company’s 50-day simple moving average is $550.28 and its two-hundred day simple moving average is $535.68. Vanguard S&P 500 ETF has a one year low of $453.90 and a one year high of $563.92.

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.