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

Cornerstone Wealth Group LLC acquired a new stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 34,560 shares of the company’s stock, valued at approximately $16,613,000. Vanguard S&P 500 ETF makes up approximately 1.5% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 10th largest position.

A number of other institutional investors also recently made changes to their positions in VOO. Life Planning Partners Inc purchased a new stake in shares of Vanguard S&P 500 ETF in the 4th quarter valued at $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in Vanguard S&P 500 ETF during the 4th quarter valued at $25,000. Element Wealth LLC bought a new stake in Vanguard S&P 500 ETF during the 4th quarter valued at $35,000. Creekmur Asset Management LLC bought a new stake in Vanguard S&P 500 ETF during the 4th quarter valued at $37,000. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new stake in Vanguard S&P 500 ETF during the 4th quarter valued at $52,000.

Vanguard S&P 500 ETF Stock Performance

NYSEARCA:VOO traded down $1.93 during midday trading on Friday, reaching $500.13. 5,598,571 shares of the stock traded hands, compared to its average volume of 5,176,927. The company has a fifty day moving average of $485.02 and a 200 day moving average of $466.41. Vanguard S&P 500 ETF has a 12 month low of $375.95 and a 12 month high of $505.74. The stock has a market capitalization of $453.10 billion, a P/E ratio of 25.04 and a beta of 1.00.

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.