Pinion Investment Advisors LLC Trims Stock Position in Vanguard S&P 500 ETF $VOO

Pinion Investment Advisors LLC decreased its position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 51.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,451 shares of the company’s stock after selling 128,571 shares during the period. Vanguard S&P 500 ETF makes up approximately 23.6% of Pinion Investment Advisors LLC’s holdings, making the stock its largest holding. Pinion Investment Advisors LLC’s holdings in Vanguard S&P 500 ETF were worth $68,420,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Atala Financial Inc bought a new stake in Vanguard S&P 500 ETF in the first quarter worth $28,000. Redmont Wealth Advisors LLC bought a new position in shares of Vanguard S&P 500 ETF during the first quarter valued at about $29,000. Lord & Richards Wealth Management LLC bought a new position in shares of Vanguard S&P 500 ETF during the first quarter valued at about $40,000. Bay Harbor Wealth Management LLC raised its stake in shares of Vanguard S&P 500 ETF by 800.0% during the second 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. raised its stake 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 acquiring an additional 41 shares during the last quarter.

Vanguard S&P 500 ETF Trading Down 2.7%

Shares of NYSEARCA:VOO opened at $600.51 on Friday. The company has a market cap of $747.28 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00. The company has a 50-day moving average price of $599.37 and a 200-day moving average price of $558.49. Vanguard S&P 500 ETF has a 12 month low of $442.80 and a 12 month high of $619.60.

Vanguard S&P 500 ETF Profile

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.