Summit Financial Strategies Inc. Sells 248 Shares of Vanguard S&P 500 ETF (NYSEARCA:VOO)

Summit Financial Strategies Inc. trimmed its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,910 shares of the company’s stock after selling 248 shares during the period. Vanguard S&P 500 ETF makes up 0.7% of Summit Financial Strategies Inc.’s holdings, making the stock its 20th biggest holding. Summit Financial Strategies Inc.’s holdings in Vanguard S&P 500 ETF were worth $6,417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOO. Marquette Asset Management LLC bought a new stake in shares of Vanguard S&P 500 ETF in the 3rd quarter worth approximately $36,000. Prospera Private Wealth LLC bought a new stake in Vanguard S&P 500 ETF in the third quarter valued at $46,000. Kennebec Savings Bank purchased a new position in Vanguard S&P 500 ETF during the 3rd quarter valued at $51,000. Urban Financial Advisory Corp bought a new position in Vanguard S&P 500 ETF in the 3rd quarter worth $51,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Vanguard S&P 500 ETF in the 3rd quarter worth about $53,000.

Vanguard S&P 500 ETF Price Performance

Shares of NYSEARCA VOO opened at $559.01 on Monday. Vanguard S&P 500 ETF has a 1 year low of $443.75 and a 1 year high of $561.66. The stock has a market capitalization of $506.44 billion, a P/E ratio of 25.04 and a beta of 1.00. The company’s 50-day moving average is $548.56 and its 200 day moving average is $528.70.

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.