Vanguard S&P 500 ETF $VOO Stock Position Boosted by Union Savings Bank

Union Savings Bank raised its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 242.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,238 shares of the company’s stock after acquiring an additional 876 shares during the quarter. Union Savings Bank’s holdings in Vanguard S&P 500 ETF were worth $868,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Elmwood Wealth Management Inc. increased its position in shares of Vanguard S&P 500 ETF by 4.0% during the third quarter. Elmwood Wealth Management Inc. now owns 1,342 shares of the company’s stock worth $940,000 after acquiring an additional 51 shares during the last quarter. Triumph Capital Management lifted its stake in shares of Vanguard S&P 500 ETF by 3.3% in the third quarter. Triumph Capital Management now owns 2,494 shares of the company’s stock worth $1,748,000 after acquiring an additional 80 shares in the last quarter. Baker Ellis Asset Management LLC lifted its stake in shares of Vanguard S&P 500 ETF by 3.0% in the third quarter. Baker Ellis Asset Management LLC now owns 31,738 shares of the company’s stock worth $22,244,000 after acquiring an additional 933 shares in the last quarter. SFM LLC d b a Sweeney Financial Advisors boosted its holdings in Vanguard S&P 500 ETF by 4.3% in the third quarter. SFM LLC d b a Sweeney Financial Advisors now owns 67,107 shares of the company’s stock valued at $47,032,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Sanders Morris Harris LLC purchased a new position in Vanguard S&P 500 ETF in the third quarter valued at about $785,000.

Vanguard S&P 500 ETF Stock Performance

Shares of VOO opened at $707.43 on Thursday. Vanguard S&P 500 ETF has a one year low of $578.46 and a one year high of $718.47. The stock has a 50-day moving average price of $706.69 and a 200 day moving average price of $682.80. The company has a market capitalization of $1.04 trillion, a P/E ratio of 24.97 and a beta of 1.00.

Vanguard S&P 500 ETF News Summary

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

• 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.