Founders Grove Wealth Partners LLC Invests $5.57 Million in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Founders Grove Wealth Partners LLC bought a new stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 10,337 shares of the company’s stock, valued at approximately $5,570,000. Vanguard S&P 500 ETF makes up approximately 1.6% of Founders Grove Wealth Partners LLC’s portfolio, making the stock its 21st biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Graves Light Lenhart Wealth Inc. lifted its stake in Vanguard S&P 500 ETF by 1.0% during the 4th quarter. Graves Light Lenhart Wealth Inc. now owns 1,948 shares of the company’s stock valued at $1,050,000 after acquiring an additional 19 shares in the last quarter. City Center Advisors LLC raised its holdings in shares of Vanguard S&P 500 ETF by 3.1% in the third quarter. City Center Advisors LLC now owns 667 shares of the company’s stock valued at $352,000 after purchasing an additional 20 shares during the last quarter. Castleview Partners LLC lifted its position in shares of Vanguard S&P 500 ETF by 1.6% during the third quarter. Castleview Partners LLC now owns 1,286 shares of the company’s stock valued at $678,000 after purchasing an additional 20 shares in the last quarter. Merkkuri Wealth Advisors LLC boosted its holdings in Vanguard S&P 500 ETF by 3.4% during the third quarter. Merkkuri Wealth Advisors LLC now owns 601 shares of the company’s stock worth $317,000 after purchasing an additional 20 shares during the last quarter. Finally, L. Roy Papp & Associates LLP boosted its holdings in Vanguard S&P 500 ETF by 4.5% during the third quarter. L. Roy Papp & Associates LLP now owns 461 shares of the company’s stock worth $243,000 after purchasing an additional 20 shares during the last quarter.

Vanguard S&P 500 ETF Stock Performance

NYSEARCA:VOO opened at $545.05 on Thursday. Vanguard S&P 500 ETF has a 52 week low of $431.81 and a 52 week high of $559.96. The firm has a 50-day moving average price of $547.62 and a two-hundred day moving average price of $526.21. The firm has a market cap of $493.79 billion, a price-to-earnings 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.