Porter White Investment Advisors Inc. Invests $720,000 in Vanguard S&P 500 ETF $VOO

Porter White Investment Advisors Inc. bought a new position in Vanguard S&P 500 ETF (NYSEARCA:VOO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,401 shares of the company’s stock, valued at approximately $720,000. Vanguard S&P 500 ETF comprises about 0.4% of Porter White Investment Advisors Inc.’s portfolio, making the stock its 25th largest position.

A number of other institutional investors have also recently modified their holdings of VOO. Atala Financial Inc purchased a new stake in shares of Vanguard S&P 500 ETF in the first quarter worth $28,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Vanguard S&P 500 ETF during the first quarter valued at $29,000. Lord & Richards Wealth Management LLC purchased a new stake in shares of Vanguard S&P 500 ETF during the first quarter valued at $40,000. Putney Financial Group LLC purchased a new stake in shares of Vanguard S&P 500 ETF during the fourth quarter valued at $42,000. Finally, Elevate Wealth Advisory Inc. boosted its position 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 valued at $47,000 after buying an additional 41 shares during the last quarter.

Vanguard S&P 500 ETF Price Performance

Vanguard S&P 500 ETF stock opened at $604.57 on Friday. Vanguard S&P 500 ETF has a one year low of $442.80 and a one year high of $605.23. The stock has a market capitalization of $726.41 billion, a PE ratio of 24.97 and a beta of 1.00. The business’s fifty day moving average is $585.17 and its 200 day moving average is $546.26.

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.