Red Cedar Investment Management LLC Boosts Stock Position in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Red Cedar Investment Management LLC raised its stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 7.3% in the 4th quarter, Holdings Channel reports. The fund owned 17,758 shares of the company’s stock after acquiring an additional 1,212 shares during the quarter. Vanguard S&P 500 ETF accounts for approximately 1.2% of Red Cedar Investment Management LLC’s portfolio, making the stock its 12th biggest position. Red Cedar Investment Management LLC’s holdings in Vanguard S&P 500 ETF were worth $9,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its stake in shares of Vanguard S&P 500 ETF by 185.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 57 shares of the company’s stock worth $31,000 after buying an additional 37 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Vanguard S&P 500 ETF during the 3rd quarter worth approximately $46,000. Urban Financial Advisory Corp purchased a new position in shares of Vanguard S&P 500 ETF during the 3rd quarter worth approximately $51,000. Kennebec Savings Bank purchased a new position in shares of Vanguard S&P 500 ETF during the 3rd quarter worth approximately $51,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Vanguard S&P 500 ETF during the 4th quarter worth approximately $53,000.

Vanguard S&P 500 ETF Trading Up 0.0 %

Shares of VOO stock opened at $560.69 on Friday. The company has a market cap of $507.96 billion, a price-to-earnings ratio of 25.04 and a beta of 1.00. The stock has a 50 day simple moving average of $549.85 and a 200-day simple moving average of $532.96. Vanguard S&P 500 ETF has a 12-month low of $453.60 and a 12-month high of $561.86.

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.