Twele Capital Management Inc. has reduced its investment in the Vanguard S&P 500 ETF (NYSEARCA: VOO) by 1.5% during the third quarter of 2023. The firm disclosed in its latest Form 13F filing with the Securities and Exchange Commission that it now holds 95,935 shares after selling 1,413 shares during the quarter. This adjustment positions the Vanguard S&P 500 ETF as Twele Capital Management Inc.’s second-largest holding, accounting for approximately 10.8% of its overall portfolio. As of the end of the reporting period, these holdings were valued at approximately $58,749,000.
Several other investors have also made significant changes to their positions in the Vanguard S&P 500 ETF. Notably, Quaker Wealth Management LLC increased its stake by an impressive 248.4% during the second quarter. Following this acquisition, Quaker now owns 46 shares, with a total value of $26,000, after purchasing an additional 77 shares.
Front Row Advisors LLC also made headlines with a 900.0% increase in its investments, bringing its total ownership to 50 shares worth around $28,000 after acquiring an extra 45 shares. In addition, Bernard Wealth Management Corp. entered the market with a new position valued at approximately $30,000, while Bay Harbor Wealth Management LLC boosted its stake by 800.0%, now holding 72 shares valued at $41,000.
Harbor Asset Planning Inc. also made a move by acquiring a new stake valued at roughly $55,000 during the same period.
Current Performance and Market Position
As of the latest trading session, shares of the Vanguard S&P 500 ETF opened at $634.78. Over the past year, the ETF has experienced a low of $442.80 and a high of $635.32. The fund currently boasts a market capitalization of approximately $789.93 billion, a price-to-earnings ratio of 24.97, and a beta value of 1.00. Its 50-day moving average stands at $623.12, while the two-hundred day moving average is at $599.19.
The Vanguard S&P 500 ETF aims to replicate the performance of the Standard & Poor’s 500 Index, which represents large-capitalization stocks in the United States. It employs a passive management approach designed to mirror the index’s investment performance.
For further insights into the latest trading activities and holdings in the Vanguard S&P 500 ETF, interested parties can visit HoldingsChannel.com for comprehensive 13F filings and insider trades related to the fund.
