Vanguard S&P 500 ETF (NYSEARCA:VOO) is Sheets Smith Wealth Management’s Largest Position

Sheets Smith Wealth Management increased its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,738 shares of the company’s stock after buying an additional 4,468 shares during the quarter. Vanguard S&P 500 ETF accounts for about 4.2% of Sheets Smith Wealth Management’s investment portfolio, making the stock its largest position. Sheets Smith Wealth Management’s holdings in Vanguard S&P 500 ETF were worth $34,343,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VOO. Silver Lake Advisory LLC purchased a new position in Vanguard S&P 500 ETF during the second quarter valued at $25,119,000. Ironwood Wealth Management LLC. lifted its position in shares of Vanguard S&P 500 ETF by 1.6% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 1,467 shares of the company’s stock valued at $734,000 after buying an additional 23 shares in the last quarter. Sei Investments Co. grew its stake in shares of Vanguard S&P 500 ETF by 22.3% during the 2nd quarter. Sei Investments Co. now owns 745 shares of the company’s stock valued at $373,000 after acquiring an additional 136 shares during the period. 1832 Asset Management L.P. increased its holdings in Vanguard S&P 500 ETF by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 974 shares of the company’s stock worth $487,000 after acquiring an additional 487 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Vanguard S&P 500 ETF during the 2nd quarter worth approximately $5,590,000.

Vanguard S&P 500 ETF Price Performance

VOO opened at $557.61 on Thursday. The company has a 50 day simple moving average of $547.67 and a two-hundred day simple moving average of $527.71. The firm has a market cap of $505.17 billion, a P/E ratio of 25.04 and a beta of 1.00. Vanguard S&P 500 ETF has a 1-year low of $443.75 and a 1-year high of $559.96.

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.