Financial Gravity Companies Inc. has acquired a new stake in the Vanguard S&P 500 ETF (NYSEARCA: VOO) during the second quarter of 2023. According to HoldingsChannel.com, the company purchased 297 shares valued at approximately $169,000. This move reflects a growing interest in the ETF, which tracks the performance of the S&P 500 Index, a key indicator of U.S. large-cap stocks.
Several other investment firms have also adjusted their positions in the Vanguard S&P 500 ETF. Brighton Jones LLC increased its stake by 6.5% in the fourth quarter, bringing its total to 34,524 shares worth around $18.6 million after acquiring an additional 2,112 shares. Similarly, Bison Wealth LLC raised its position by 6.1%, now holding 4,790 shares valued at approximately $2.58 million following the purchase of 277 shares.
In a significant move, Buckhead Capital Management LLC boosted its stake by 39.9% in the first quarter, now owning 666 shares worth about $342,000 after acquiring an additional 190 shares. Additionally, AMG National Trust Bank raised its holdings by 22.5%, resulting in a total of 240,875 shares valued at around $123.79 million after adding 44,258 shares during the period. St. Louis Trust Co. also increased its stake by 17.0%, now owning 58,959 shares worth approximately $30.3 million after purchasing an additional 8,587 shares.
Vanguard S&P 500 ETF Market Performance
As of the latest trading session, shares of the Vanguard S&P 500 ETF opened at $617.83. The ETF boasts a market capitalization of $768.83 billion, a price-to-earnings ratio of 24.97, and a beta of 1.00, indicating its performance closely mirrors that of the overall market. Over the last year, the ETF has fluctuated between a low of $442.80 and a high of $634.13.
The Vanguard S&P 500 ETF is an open-end investment company that offers various classes of shares, including Investor Shares, Admiral Shares, Signal Shares, and ETF Shares. The fund seeks to replicate the investment performance of the S&P 500 Index, which encompasses large-capitalization stocks in the United States.
Investors keen on monitoring the activities of hedge funds in the Vanguard S&P 500 ETF can visit HoldingsChannel.com for the latest 13F filings and insider trades.
