Meridian Wealth Management LLC Invests $15.59 Million in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Meridian Wealth Management LLC bought a new position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 29,544 shares of the company’s stock, valued at approximately $15,590,000. Vanguard S&P 500 ETF accounts for 0.8% of Meridian Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VOO. Icon Wealth Advisors LLC purchased a new position in Vanguard S&P 500 ETF in the third quarter valued at about $1,145,000. Biltmore Family Office LLC grew its stake in shares of Vanguard S&P 500 ETF by 7.9% in the third quarter. Biltmore Family Office LLC now owns 7,430 shares of the company’s stock valued at $3,933,000 after buying an additional 545 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Vanguard S&P 500 ETF by 23.0% during the 3rd quarter. Citigroup Inc. now owns 2,114,141 shares of the company’s stock valued at $1,115,569,000 after buying an additional 395,436 shares during the period. Raymond James Trust N.A. lifted its position in Vanguard S&P 500 ETF by 8.1% during the 3rd quarter. Raymond James Trust N.A. now owns 268,674 shares of the company’s stock worth $141,771,000 after acquiring an additional 20,067 shares in the last quarter. Finally, Concorde Asset Management LLC boosted its holdings in Vanguard S&P 500 ETF by 3.6% in the 3rd quarter. Concorde Asset Management LLC now owns 1,251 shares of the company’s stock worth $660,000 after acquiring an additional 43 shares during the period.

Vanguard S&P 500 ETF Trading Up 0.6 %

VOO opened at $546.07 on Friday. Vanguard S&P 500 ETF has a twelve month low of $416.57 and a twelve month high of $551.73. The firm has a market cap of $494.72 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00. The company has a fifty day simple moving average of $532.11 and a 200 day simple moving average of $510.38.

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.