Pinnacle Associates Ltd. Trims Position in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Pinnacle Associates Ltd. trimmed its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 15.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,957 shares of the company’s stock after selling 2,518 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Vanguard S&P 500 ETF were worth $7,365,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Trust Direct Indexing L.P. raised its holdings in Vanguard S&P 500 ETF by 4.5% during the third quarter. First Trust Direct Indexing L.P. now owns 1,169 shares of the company’s stock worth $617,000 after purchasing an additional 50 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in Vanguard S&P 500 ETF by 4.1% during the third quarter. WASHINGTON TRUST Co now owns 144,395 shares of the company’s stock worth $76,193,000 after purchasing an additional 5,679 shares in the last quarter. Fort Vancouver Investment Management LLC raised its holdings in Vanguard S&P 500 ETF by 0.3% during the third quarter. Fort Vancouver Investment Management LLC now owns 34,339 shares of the company’s stock worth $18,120,000 after purchasing an additional 106 shares in the last quarter. Edge Financial Advisors LLC purchased a new position in Vanguard S&P 500 ETF during the third quarter worth about $2,747,000. Finally, Highline Wealth Partners LLC purchased a new position in Vanguard S&P 500 ETF during the third quarter worth about $16,978,000.

Vanguard S&P 500 ETF Stock Down 0.3 %

NYSEARCA VOO opened at $533.11 on Thursday. The firm has a 50-day moving average price of $522.51 and a 200 day moving average price of $502.04. Vanguard S&P 500 ETF has a 52-week low of $380.56 and a 52-week high of $538.76. The stock has a market capitalization of $482.98 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.