Riverchase Wealth Management LLC Purchases Shares of 7,219 Vanguard S&P 500 ETF (NYSEARCA:VOO)

Riverchase Wealth Management LLC acquired a new position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,219 shares of the company’s stock, valued at approximately $3,890,000. Vanguard S&P 500 ETF accounts for about 2.9% of Riverchase Wealth Management LLC’s portfolio, making the stock its 6th largest position.

Several other hedge funds have also modified their holdings of VOO. Proficio Capital Partners LLC raised its holdings in shares of Vanguard S&P 500 ETF by 22,099.4% in the 4th quarter. Proficio Capital Partners LLC now owns 36,046,464 shares of the company’s stock worth $19,422,195,000 after purchasing an additional 35,884,088 shares during the period. Vanguard Group Inc. increased its position in Vanguard S&P 500 ETF by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 32,517,360 shares of the company’s stock worth $17,520,679,000 after purchasing an additional 2,516,003 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Vanguard S&P 500 ETF in the fourth quarter valued at approximately $14,232,829,000. JPMorgan Chase & Co. lifted its position in Vanguard S&P 500 ETF by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 23,924,836 shares of the company’s stock valued at $12,624,419,000 after buying an additional 2,879,321 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Vanguard S&P 500 ETF by 62,488.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 10,009,729 shares of the company’s stock worth $5,393,342,000 after buying an additional 9,993,736 shares during the period.

Vanguard S&P 500 ETF Trading Down 0.6 %

NYSEARCA:VOO opened at $521.21 on Friday. Vanguard S&P 500 ETF has a twelve month low of $453.90 and a twelve month high of $563.92. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 25.26 and a beta of 1.01. The firm’s fifty day simple moving average is $542.29 and its 200 day simple moving average is $539.40.

Vanguard S&P 500 ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $1.8121 per share. This is an increase from Vanguard S&P 500 ETF’s previous dividend of $1.78. The ex-dividend date is Thursday, March 27th.

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.