Thurston Springer Miller Herd & Titak Inc. cut its position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO – Free Report) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,686 shares of the company’s stock after selling 1,612 shares during the quarter. Vanguard S&P 500 ETF makes up about 3.1% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 3rd largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Vanguard S&P 500 ETF were worth $1,883,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC raised its position in Vanguard S&P 500 ETF by 4.3% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 782 shares of the company’s stock worth $549,000 after purchasing an additional 32 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Vanguard S&P 500 ETF by 6.7% during the third quarter. First Citizens Bank & Trust Co. now owns 50,535 shares of the company’s stock valued at $35,418,000 after buying an additional 3,177 shares during the last quarter. Fearless Solutions LLC dba Best Invest grew its stake in shares of Vanguard S&P 500 ETF by 1.6% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 3,465 shares of the company’s stock valued at $2,429,000 after buying an additional 56 shares during the last quarter. Citrine Capital LLC grew its stake in shares of Vanguard S&P 500 ETF by 8.3% during the third quarter. Citrine Capital LLC now owns 2,297 shares of the company’s stock valued at $1,610,000 after buying an additional 177 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC increased its holdings in shares of Vanguard S&P 500 ETF by 19.0% in the third quarter. Liberty Atlantic Advisors LLC now owns 652 shares of the company’s stock worth $457,000 after buying an additional 104 shares during the period.
Vanguard S&P 500 ETF Trading Down 1.1%
VOO opened at $707.43 on Thursday. The company has a market cap of $1.04 trillion, a P/E ratio of 24.97 and a beta of 1.00. The business’s 50-day moving average price is $706.69 and its 200-day moving average price is $682.80. Vanguard S&P 500 ETF has a 12 month low of $578.46 and a 12 month high of $718.47.
Vanguard S&P 500 ETF News Summary
- Positive Sentiment: Citi maintained a bullish scenario for the S&P 500, projecting a potential year-end level of 8,100 if currently weak market segments stabilize and participate in the rally. Such a move would generally benefit VOO. Citi Says the S&P 500 Hits 8,100
- Neutral Sentiment: U.S. stock futures initially edged higher ahead of major-bank earnings and inflation data, indicating some investor optimism and providing a temporary supportive backdrop for VOO. S&P 500, Dow futures rise ahead of big bank results
- Neutral Sentiment: Market commentary continues to favor diversified, long-term S&P 500 investing, noting the difficulty of consistently selecting stocks that outperform the index. This supports VOO’s long-term diversification case but is unlikely to affect the fund’s immediate trading. No One Owns A Stock That Beat The S&P 500 Every Year
- Negative Sentiment: Hot core CPI caused Treasury yields to rise, with higher long-term borrowing costs weighing on growth-oriented stocks and semiconductor shares. The resulting pressure on major S&P 500 components was the clearest near-term headwind for VOO. S&P500: Hot CPI Puts Long-Term Yields Back in Control
- Negative Sentiment: Weakness in chip stocks also pressured the broader index as investors awaited bank earnings, adding to the market’s sensitivity to interest rates and earnings expectations. S&P 500 futures muted as investors await big bank earnings
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. The Fund employs a passive management-or indexing-investment approach designed to track the performance of the Standard & Poor’s 500 Index.
Further Reading
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