Independent Wealth Network Inc. Sells 685 Shares of Vanguard S&P 500 ETF (NYSEARCA:VOO)

Independent Wealth Network Inc. trimmed its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,071 shares of the company’s stock after selling 685 shares during the quarter. Vanguard S&P 500 ETF comprises about 1.2% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 16th biggest holding. Independent Wealth Network Inc.’s holdings in Vanguard S&P 500 ETF were worth $3,120,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Atala Financial Inc purchased a new stake in shares of Vanguard S&P 500 ETF during the 1st quarter valued at about $28,000. Redmont Wealth Advisors LLC purchased a new position in shares of Vanguard S&P 500 ETF in the first quarter worth approximately $29,000. Lord & Richards Wealth Management LLC purchased a new position in shares of Vanguard S&P 500 ETF in the first quarter worth approximately $40,000. Putney Financial Group LLC purchased a new position in shares of Vanguard S&P 500 ETF in the fourth quarter worth approximately $42,000. Finally, Delos Wealth Advisors LLC boosted its holdings in shares of Vanguard S&P 500 ETF by 166.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 80 shares of the company’s stock worth $43,000 after buying an additional 50 shares during the last quarter.

Vanguard S&P 500 ETF Trading Up 0.6%

VOO opened at $577.18 on Friday. The company has a market cap of $700.75 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00. The company’s 50 day moving average is $553.72 and its 200 day moving average is $535.98. Vanguard S&P 500 ETF has a 12-month low of $442.80 and a 12-month high of $578.45.

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.