Cornerstone Wealth Group LLC Invests $16.61 Million in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Cornerstone Wealth Group LLC acquired a new position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,560 shares of the company’s stock, valued at approximately $16,613,000. Vanguard S&P 500 ETF accounts for approximately 1.5% of Cornerstone Wealth Group LLC’s holdings, making the stock its 10th biggest holding.

Several other large investors also recently modified their holdings of VOO. Cerity Partners LLC grew its holdings in Vanguard S&P 500 ETF by 850.0% in the fourth quarter. Cerity Partners LLC now owns 8,877,995 shares of the company’s stock worth $3,877,908,000 after purchasing an additional 7,943,467 shares during the period. International Assets Investment Management LLC grew its holdings in Vanguard S&P 500 ETF by 48,075.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,158,618 shares of the company’s stock worth $2,253,284,000 after purchasing an additional 5,147,910 shares during the period. Global Assets Advisory LLC acquired a new stake in Vanguard S&P 500 ETF in the first quarter worth $1,635,464,000. BKM Wealth Management LLC acquired a new stake in Vanguard S&P 500 ETF in the fourth quarter worth $718,554,000. Finally, Vanguard Group Inc. grew its holdings in Vanguard S&P 500 ETF by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 22,840,105 shares of the company’s stock worth $9,976,558,000 after purchasing an additional 1,233,726 shares during the period.

Vanguard S&P 500 ETF Stock Down 0.4 %

NYSEARCA:VOO traded down $1.93 during trading hours on Friday, reaching $500.13. The company had a trading volume of 5,598,571 shares, compared to its average volume of 5,176,927. The firm has a market cap of $453.10 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00. The business’s 50-day simple moving average is $485.02 and its two-hundred day simple moving average is $466.41. Vanguard S&P 500 ETF has a twelve month low of $375.95 and a twelve month high of $505.74.

Vanguard S&P 500 ETF Company 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.