Up Capital Management Inc. Boosts Position in Vanguard S&P 500 ETF $VOO

Up Capital Management Inc. grew its stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 9.1% during the second quarter, Holdings Channel reports. The institutional investor owned 23,126 shares of the company’s stock after buying an additional 1,933 shares during the period. Vanguard S&P 500 ETF comprises 12.3% of Up Capital Management Inc.’s holdings, making the stock its 4th biggest position. Up Capital Management Inc.’s holdings in Vanguard S&P 500 ETF were worth $15,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Vanguard S&P 500 ETF by 9.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 423,413 shares of the company’s stock worth $290,804,000 after acquiring an additional 36,828 shares during the period. VCI Wealth Management LLC purchased a new position in shares of Vanguard S&P 500 ETF during the 2nd quarter valued at $350,000. LFG Wealth Partners LLC boosted its holdings in Vanguard S&P 500 ETF by 35.9% in the 2nd quarter. LFG Wealth Partners LLC now owns 3,849 shares of the company’s stock worth $2,643,000 after buying an additional 1,016 shares during the period. Sacks & Associates LLC bought a new position in Vanguard S&P 500 ETF in the 2nd quarter worth $340,000. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in Vanguard S&P 500 ETF in the 2nd quarter worth $43,968,000.

Vanguard S&P 500 ETF News Summary

Here are the key news stories impacting Vanguard S&P 500 ETF this week:

• Positive Sentiment: Recent commentary continues to highlight VOO’s decade-long compounding record, reinforcing its appeal as a low-cost core portfolio holding for long-term investors. 1 Unstoppable Vanguard ETF I Wish I’d Bought 10 Years Ago
• Positive Sentiment: The S&P 500’s gain of more than 33% since President Trump’s reelection demonstrates the index’s recent momentum, although the article notes that market performance has not historically determined midterm election outcomes. The S&P 500 Has Gained More Than 33% Since Trump’s Election
• Neutral Sentiment: Comparisons with Vanguard Total Stock Market ETF (VTI) present VOO as one of the two dominant choices for a core holding, but the debate could influence new investment flows between the funds rather than materially change VOO’s underlying outlook. VOO vs VTI
• Neutral Sentiment: Articles promoting higher-performing or actively managed ETFs highlight competition for investor allocations, while also underscoring VOO’s advantages in diversification, simplicity and typically low costs. What Advisors Should Weigh Before Buying Active ETFs
• Negative Sentiment: Higher Treasury yields pressured stocks, while Walmart’s raised consumer concerns and renewed geopolitical tensions involving Iran added to risk aversion across the S&P 500. S&P500 Forecast: Long Yields Return as Walmart Hits the Dow
• Negative Sentiment: Earlier weakness in Asian markets and investor caution ahead of the Federal Reserve’s August meeting minutes created additional near-term pressure on broad-market ETFs. Stock Market: Will S&P 500 Open Up or Down Today?

Vanguard S&P 500 ETF Stock Down 0.8%

NYSEARCA:VOO opened at $701.01 on Friday. The business’s 50-day simple moving average is $691.00 and its two-hundred day simple moving average is $660.12. The stock has a market cap of $999.35 billion, a PE ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a 52 week low of $578.46 and a 52 week high of $716.39.

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.