Factor Wealth Management LTD Raises Holdings in Vanguard S&P 500 ETF $VOO

Factor Wealth Management LTD grew its holdings in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 56.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 58,181 shares of the company’s stock after acquiring an additional 20,894 shares during the quarter. Vanguard S&P 500 ETF comprises 6.0% of Factor Wealth Management LTD’s portfolio, making the stock its 2nd largest holding. Factor Wealth Management LTD’s holdings in Vanguard S&P 500 ETF were worth $39,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOO. Nvest Wealth Strategies Inc. bought a new position in Vanguard S&P 500 ETF in the 4th quarter worth $26,000. Camelot Portfolios LLC bought a new stake in shares of Vanguard S&P 500 ETF during the 4th quarter valued at about $27,000. United Community Bank purchased a new position in shares of Vanguard S&P 500 ETF during the fourth quarter valued at about $27,000. Quattro Advisors LLC purchased a new position in shares of Vanguard S&P 500 ETF during the fourth quarter valued at about $27,000. Finally, Creative Capital Management Investments LLC increased its position in shares of Vanguard S&P 500 ETF by 900.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 50 shares of the company’s stock valued at $31,000 after buying an additional 45 shares during the period.

Key Stories Impacting Vanguard S&P 500 ETF

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

• Positive Sentiment: U.S. stocks recently reached record highs as lower oil prices and weaker private-sector employment data eased concerns about renewed inflation and aggressive Federal Reserve policy. A broadening market rally could support VOO, which tracks the S&P 500. S&P 500 and Dow Jones: Earnings and Oil Relief Push Stocks to Records
• Positive Sentiment: Reports that roughly 500,000 newly opened Trump Accounts may direct investors toward S&P 500 funds highlight potential long-term retail demand for VOO. The ETF is frequently presented as a simple, low-cost core holding. Trump Accounts Are Open
• Positive Sentiment: Investor commentary continues to cite Warren Buffett’s preference for buying and holding low-cost S&P 500 index funds, reinforcing VOO’s appeal as a long-term wealth-building vehicle. Warren Buffett’s Wealth-Building Strategy

Vanguard S&P 500 ETF Price Performance

VOO stock opened at $706.40 on Friday. Vanguard S&P 500 ETF has a 1 year low of $578.31 and a 1 year high of $714.16. The firm has a 50-day moving average of $686.38 and a 200 day moving average of $654.87. The company has a market cap of $1.01 trillion, a P/E ratio of 24.97 and a beta of 1.00.

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.