Alpha Cubed Boosts Vanguard S&P 500 ETF Holdings by 12.2%
Alpha Cubed Investments LLC increased its Vanguard S&P 500 ETF stake by 12.2% in Q3, acquiring 1,663 additional shares to hold 15,268 total shares valued at $9.35 million. Several smaller institutions including Quaker Wealth, Front Row Advisors and Bay Harbor Wealth each boosted or initiated ETF positions during the quarter.
1. Alpha Cubed Investments LLC Increases Stake
In its most recent 13F filing, Alpha Cubed Investments LLC reported a 12.2% increase in its holdings of the Vanguard S&P 500 ETF, acquiring an additional 1,663 shares during the third quarter. The firm now owns 15,268 shares, representing a total position valued at approximately $9.35 million as of the filing date.
2. Wider Institutional Participation
Several other asset managers also adjusted positions in the ETF during the same period. Quaker Wealth Management LLC boosted its stake by 248.4% to 46 shares, Front Row Advisors LLC expanded by 900.0% to 50 shares, and Bay Harbor Wealth Management LLC increased its position eightfold to 72 shares. New entrants included Bernard Wealth Management Corp. and Corundum Trust Company INC, each establishing positions in the ETF for the first time.
3. Fund Characteristics and Market Standing
The Vanguard S&P 500 ETF commands a market capitalization of $854.15 billion and carries a P/E ratio of 24.97 with a beta of 1.00. As an open-end mutual fund offering ETF shares, it employs a passive, indexing approach to replicate the performance of the Standard & Poor’s 500 Index, providing investors with broad exposure to large-capitalization U.S. equities.