Summit Financial Wealth Advisors LLC Boosts Position in Vanguard S&P 500 ETF $VOO

Summit Financial Wealth Advisors LLC grew its stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 679.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,725 shares of the company’s stock after acquiring an additional 3,247 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Vanguard S&P 500 ETF were worth $2,116,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quaker Wealth Management LLC raised its position in shares of Vanguard S&P 500 ETF by 248.4% in the second quarter. Quaker Wealth Management LLC now owns 46 shares of the company’s stock worth $26,000 after buying an additional 77 shares in the last quarter. Front Row Advisors LLC increased its stake in Vanguard S&P 500 ETF by 900.0% in the 2nd quarter. Front Row Advisors LLC now owns 50 shares of the company’s stock worth $28,000 after acquiring an additional 45 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Vanguard S&P 500 ETF in the 2nd quarter valued at about $30,000. Bay Harbor Wealth Management LLC boosted its position in shares of Vanguard S&P 500 ETF by 800.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 72 shares of the company’s stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in shares of Vanguard S&P 500 ETF by 83.7% during the first quarter. Elevate Wealth Advisory Inc. now owns 90 shares of the company’s stock worth $47,000 after purchasing an additional 41 shares in the last quarter.

Vanguard S&P 500 ETF Trading Down 1.1%

VOO stock opened at $626.87 on Monday. The company’s 50 day moving average is $620.26 and its 200 day moving average is $594.74. The stock has a market cap of $780.08 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a 1-year low of $442.80 and a 1-year high of $634.13.

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.