Vanguard S&P 500 ETF (NYSEARCA:VOO) to Issue Dividend Increase – $1.77 Per Share

Vanguard S&P 500 ETF (NYSEARCA:VOO) declared a quarterly dividend on Thursday, April 3rd. Investors of record on Monday, December 22nd will be paid a dividend of 1.771 per share on Wednesday, December 24th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, December 22nd. This is a 1.8% increase from Vanguard S&P 500 ETF’s previous quarterly dividend of $1.74.

Vanguard S&P 500 ETF Stock Performance

VOO traded up $5.55 during midday trading on Friday, reaching $627.56. 10,469,153 shares of the company were exchanged, compared to its average volume of 7,763,263. The company’s fifty day moving average price is $621.22 and its 200 day moving average price is $596.82. The company has a market cap of $780.94 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a one year low of $442.80 and a one year high of $634.13.

Institutional Investors Weigh In On Vanguard S&P 500 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of VOO. Clear Investment Research LLC purchased a new position in Vanguard S&P 500 ETF during the third quarter worth about $28,000. Quaker Wealth Management LLC lifted its position in shares of Vanguard S&P 500 ETF by 248.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 46 shares of the company’s stock worth $26,000 after buying an additional 77 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Vanguard S&P 500 ETF in the 3rd quarter worth approximately $29,000. Front Row Advisors LLC grew its holdings in shares of Vanguard S&P 500 ETF by 900.0% in the second quarter. Front Row Advisors LLC now owns 50 shares of the company’s stock valued at $28,000 after acquiring an additional 45 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Vanguard S&P 500 ETF during the second quarter valued at approximately $30,000.

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.