Bangor Savings Bank cut its stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO – Free Report) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,989 shares of the company’s stock after selling 792 shares during the period. Vanguard S&P 500 ETF comprises approximately 1.1% of Bangor Savings Bank’s holdings, making the stock its 19th largest position. Bangor Savings Bank’s holdings in Vanguard S&P 500 ETF were worth $14,009,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Birch Capital Management LLC bought a new position in Vanguard S&P 500 ETF in the second quarter valued at about $25,000. RHL Group LLC grew its stake in shares of Vanguard S&P 500 ETF by 50.0% during the 2nd quarter. RHL Group LLC now owns 48 shares of the company’s stock valued at $33,000 after purchasing an additional 16 shares during the period. Lifetime Wealth Management P.C. purchased a new position in shares of Vanguard S&P 500 ETF in the fourth quarter worth approximately $41,000. XP Advisory US Inc. purchased a new position in shares of Vanguard S&P 500 ETF in the second quarter worth approximately $45,000. Finally, Evelyn Partners Investment Management LLP grew its position in Vanguard S&P 500 ETF by 3,750.0% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 77 shares of the company’s stock valued at $48,000 after buying an additional 75 shares during the period.
Vanguard S&P 500 ETF Trading Up 0.5%
VOO stock traded up $3.88 during midday trading on Tuesday, reaching $716.20. 4,555,244 shares of the company’s stock traded hands, compared to its average volume of 8,697,391. Vanguard S&P 500 ETF has a 52-week low of $578.46 and a 52-week high of $718.47. The stock has a market cap of $1.07 trillion, a P/E ratio of 24.97 and a beta of 1.00. The stock’s 50-day moving average is $704.15 and its 200 day moving average is $678.11.
More Vanguard S&P 500 ETF News
- Positive Sentiment: Record S&P 500 supports VOO: The S&P 500 surpassed its previous August peak and finished at a record, providing a direct tailwind for VOO, which tracks the index. Chart: A look at the S&P 500’s remarkable and defiant trip a new record
- Positive Sentiment: AI and megacap technology leadership: Nvidia, Apple and other large technology companies helped drive the market higher as enthusiasm for AI remained strong. VOO’s exposure to these highly valued companies allowed it to participate in the rally. The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else
- Positive Sentiment: Lower Treasury yields improved valuation conditions: Yields eased from recent multiyear highs, reducing some pressure on equity valuations and helping technology stocks lead the advance. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
- Neutral Sentiment: Broad-market diversification remains a selling point: Commentary favoring VOO over more tech-heavy alternatives cited its low cost, profitability requirements and broader diversification. However, VOO still has meaningful exposure to the largest technology companies. Why I’d Choose VOO Over QQQ For The Next 20 Years
- Negative Sentiment: Narrow market breadth raises concentration risk: Most U.S. stocks declined even as the index reached a record, indicating that a small group of technology leaders is doing much of the work. Several megacaps may also be overbought after their recent rallies. Only Four Trillion-Dollar Stocks Are Beating the S&P 500
- Negative Sentiment: Geopolitical and interest-rate risks remain: The Iran conflict and related oil-market shock, elevated borrowing costs and the Federal Reserve’s rate hike could renew volatility and pressure the index if yields or energy prices rise again.
Vanguard S&P 500 ETF Company Profile
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. The Fund employs a passive management-or indexing-investment approach designed to track the performance of the Standard & Poor’s 500 Index.
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