Pinnacle Associates Ltd. Has $9.73 Million Stock Holdings in Vanguard S&P 500 ETF $VOO

Pinnacle Associates Ltd. trimmed its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,128 shares of the company’s stock after selling 423 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard S&P 500 ETF were worth $9,729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VOO. Quaker Wealth Management LLC grew its holdings in Vanguard S&P 500 ETF by 248.4% in the 2nd quarter. Quaker Wealth Management LLC now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 77 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Vanguard S&P 500 ETF in the 2nd quarter valued at $30,000. Lord & Richards Wealth Management LLC acquired a new position in Vanguard S&P 500 ETF in the 1st quarter valued at $40,000. Bay Harbor Wealth Management LLC grew its holdings in Vanguard S&P 500 ETF by 800.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 72 shares of the company’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in Vanguard S&P 500 ETF by 83.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 90 shares of the company’s stock valued at $47,000 after buying an additional 41 shares in the last quarter.

Vanguard S&P 500 ETF Price Performance

Shares of NYSEARCA VOO opened at $627.04 on Friday. The stock’s fifty day moving average price is $608.97 and its two-hundred day moving average price is $571.91. Vanguard S&P 500 ETF has a one year low of $442.80 and a one year high of $634.13. The firm has a market cap of $780.29 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00.

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.