Concorde Asset Management LLC Decreases Stock Holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Concorde Asset Management LLC cut its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 9.2% in the second quarter, Holdings Channel.com reports. The firm owned 1,208 shares of the company’s stock after selling 123 shares during the quarter. Concorde Asset Management LLC’s holdings in Vanguard S&P 500 ETF were worth $604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Vanguard S&P 500 ETF by 95.8% during the 1st quarter. JPMorgan Chase & Co. now owns 21,245,952 shares of the company’s stock worth $10,212,930,000 after acquiring an additional 10,393,926 shares during the period. Strategic Financial Concepts LLC raised its stake in Vanguard S&P 500 ETF by 32,889.4% during the second quarter. Strategic Financial Concepts LLC now owns 7,252,393 shares of the company’s stock worth $3,627,139,000 after purchasing an additional 7,230,409 shares during the period. Global Assets Advisory LLC acquired a new position in Vanguard S&P 500 ETF in the 1st quarter valued at about $1,635,464,000. Steel Grove Capital Advisors LLC grew its stake in shares of Vanguard S&P 500 ETF by 557.5% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,560,049 shares of the company’s stock valued at $1,711,316,000 after buying an additional 3,018,626 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Vanguard S&P 500 ETF by 11.1% during the 1st quarter. Vanguard Group Inc. now owns 25,386,297 shares of the company’s stock valued at $12,203,193,000 after buying an additional 2,546,192 shares during the period.

Vanguard S&P 500 ETF Stock Performance

Shares of Vanguard S&P 500 ETF stock opened at $516.04 on Thursday. The stock has a 50 day moving average of $505.65 and a 200 day moving average of $490.57. The firm has a market capitalization of $467.51 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00. Vanguard S&P 500 ETF has a fifty-two week low of $375.95 and a fifty-two week high of $522.73.

Vanguard S&P 500 ETF 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.