World Equity Group Inc. Trims Holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO)

World Equity Group Inc. decreased its holdings in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 33.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,159 shares of the company’s stock after selling 2,612 shares during the quarter. Vanguard S&P 500 ETF makes up approximately 1.0% of World Equity Group Inc.’s investment portfolio, making the stock its 20th largest position. World Equity Group Inc.’s holdings in Vanguard S&P 500 ETF were worth $2,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marquette Asset Management LLC acquired a new stake in Vanguard S&P 500 ETF in the third quarter valued at about $36,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Vanguard S&P 500 ETF in the second quarter valued at approximately $50,000. Mendota Financial Group LLC acquired a new position in Vanguard S&P 500 ETF during the third quarter worth $53,000. Kings Path Partners LLC purchased a new position in Vanguard S&P 500 ETF in the third quarter worth $55,000. Finally, Hexagon Capital Partners LLC lifted its holdings in Vanguard S&P 500 ETF by 481.0% in the second quarter. Hexagon Capital Partners LLC now owns 122 shares of the company’s stock valued at $61,000 after acquiring an additional 101 shares during the period.

Vanguard S&P 500 ETF Stock Performance

VOO stock traded down $0.20 during trading on Monday, reaching $524.74. 747,336 shares of the company were exchanged, compared to its average volume of 5,235,400. The stock’s 50 day moving average price is $522.90 and its 200 day moving average price is $503.19. Vanguard S&P 500 ETF has a 52-week low of $398.21 and a 52-week high of $538.76. The company has a market cap of $475.39 billion, a P/E ratio of 25.04 and a beta of 1.00.

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.