Aegis Wealth Management LLC has significantly increased its investment in the Vanguard S&P 500 ETF, now holding a stock position valued at approximately $4.91 million. According to a recent filing with the Securities & Exchange Commission, the firm raised its stake by an impressive 278.0% during the first quarter of this year. Following this adjustment, Aegis now owns 9,560 shares of the ETF, having acquired an additional 7,031 shares during the period. This investment now constitutes about 2.9% of Aegis Wealth Management’s total holdings, making it their eighth largest position.
Several other institutional investors have also modified their holdings in the Vanguard S&P 500 ETF recently. Notably, Raymond James Financial Inc. acquired a new stake in the ETF during the fourth quarter, investing a substantial $14.23 billion. Similarly, Bank of America Corp DE increased its holdings by 2.2%, now owning 23,912,537 shares valued at around $12.88 billion after purchasing an additional 511,022 shares.
Ameriprise Financial Inc. also expanded its position in the ETF by 16.6%, bringing its total to 4,694,901 shares worth $2.53 billion after acquiring an additional 666,900 shares. In addition, Royal Bank of Canada grew its stake by an impressive 37.1%, now holding 4,559,601 shares valued at $2.46 billion after adding 1,234,870 shares during the same quarter. Furthermore, Cerity Partners LLC increased its investment by 6.9% in the first quarter, now owning 3,898,203 shares valued at approximately $2.00 billion.
Market Performance and Company Background
As of Wednesday, the Vanguard S&P 500 ETF (NYSEARCA: VOO) opened at $583.92. The fund boasts a market capitalization of $709.36 billion and a price-to-earnings ratio of 24.97, demonstrating its significant presence in the market. Its beta stands at 1.00, indicating that it moves in line with the overall market.
The ETF has a 50-day simple moving average of $560.50 and a 200-day simple moving average of $538.23. Over the past year, it has experienced a wide range, with a low of $442.80 and a high of $587.08.
The Vanguard 500 Index Fund, which this ETF tracks, is an open-end investment company that aims to mirror the investment performance of the Standard & Poor’s 500 Index. This index represents a broad selection of large-capitalization stocks within the United States, providing investors with a diversified exposure to the U.S. equity market.
For those interested in tracking the movements of this and other hedge funds regarding the Vanguard S&P 500 ETF, comprehensive data, including the latest 13F filings and insider trades, can be accessed through financial news platforms.
