Moisand Fitzgerald Tamayo LLC has reduced its holdings in the Vanguard S&P 500 ETF (NYSEARCA: VOO) by 10.2% during the third quarter of 2023, according to a recent filing with the Securities and Exchange Commission. The investment firm now owns 23,472 shares after selling 2,658 shares during this period. The Vanguard S&P 500 ETF represents approximately 1.7% of Moisand Fitzgerald Tamayo LLC’s total investment portfolio, making it the firm’s 13th largest position. As of the end of the most recent quarter, the value of this stake was approximately $14,374,000.
Several other institutional investors have also adjusted their positions in the Vanguard S&P 500 ETF recently. For instance, Brighton Jones LLC increased its holdings by 6.5% in the fourth quarter, bringing its total to 34,524 shares valued at $18,602,000 after acquiring an additional 2,112 shares. Similarly, Bison Wealth LLC raised its stake by 6.1%, now owning 4,790 shares worth $2,581,000 after purchasing an extra 277 shares.
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. entered the Vanguard S&P 500 ETF market in the first quarter, establishing a new position valued at around $87,000. In addition, Nepc LLC boosted its holdings by 9.7% during the same period, acquiring an additional 69,040 shares. This brings Nepc LLC’s total ownership to 778,921 shares, valued at approximately $400,295,000.
Empowered Funds LLC showed a significant increase in its stake by 443.8% during the first quarter, now holding 22,209 shares worth $11,413,000 after adding 18,125 shares.
Current Market Performance of Vanguard S&P 500 ETF
As of Thursday, shares of the Vanguard S&P 500 ETF opened at $634.17, reflecting a slight decline of 0.3%. Over the past year, the ETF has experienced a low of $442.80 and a peak of $638.22. The fund currently boasts a market capitalization of $848.66 billion, a price-to-earnings (P/E) ratio of 24.97, and a beta of 1.00, indicating its price movement is in line with the overall market.
The Vanguard S&P 500 ETF is structured as an open-end investment company, offering various classes of shares such as Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. The fund aims to replicate the investment performance of the Standard & Poor’s 500 Index, which is an unmanaged benchmark representing large-cap stocks in the United States. Utilizing a passive management strategy, the fund seeks to closely track the performance of this index.
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