Daido Life Insurance Co. Invests $63.64 Million in Vanguard S&P 500 ETF (NYSEARCA:VOO)

Daido Life Insurance Co. acquired a new stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 118,108 shares of the company’s stock, valued at approximately $63,638,000. Vanguard S&P 500 ETF accounts for approximately 7.8% of Daido Life Insurance Co.’s holdings, making the stock its 4th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its position in Vanguard S&P 500 ETF by 22,099.4% in the 4th quarter. Proficio Capital Partners LLC now owns 36,046,464 shares of the company’s stock worth $19,422,195,000 after purchasing an additional 35,884,088 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vanguard S&P 500 ETF in the fourth quarter worth about $14,232,829,000. Strategic Financial Concepts LLC lifted its stake in shares of Vanguard S&P 500 ETF by 62,488.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 10,009,729 shares of the company’s stock valued at $5,393,342,000 after acquiring an additional 9,993,736 shares during the last quarter. Kedalion Capital Management LLP bought a new stake in shares of Vanguard S&P 500 ETF in the 4th quarter valued at about $2,424,795,000. Finally, JPMorgan Chase & Co. grew its position in Vanguard S&P 500 ETF by 13.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,924,836 shares of the company’s stock worth $12,624,419,000 after acquiring an additional 2,879,321 shares during the last quarter.

Vanguard S&P 500 ETF Stock Performance

Shares of VOO stock opened at $521.21 on Friday. The company has a market capitalization of $1.47 trillion, a P/E ratio of 25.26 and a beta of 1.01. Vanguard S&P 500 ETF has a fifty-two week low of $453.90 and a fifty-two week high of $563.92. The stock has a 50 day moving average price of $542.29 and a two-hundred day moving average price of $539.40.

Vanguard S&P 500 ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $1.8121 per share. This is a positive change from Vanguard S&P 500 ETF’s previous dividend of $1.78. The ex-dividend date of this dividend is Thursday, March 27th.

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.