Vanguard S&P 500 Value ETF (NYSEARCA:VOOV) Reaches New 52-Week High – Should You Buy?

Vanguard S&P 500 Value ETF (NYSEARCA:VOOV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $202.07 and last traded at $201.10, with a volume of 64330 shares. The stock had previously closed at $200.69.

Vanguard S&P 500 Value ETF Stock Up 0.2%

The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 20.05 and a beta of 0.94. The company’s 50-day simple moving average is $195.74 and its 200-day simple moving average is $187.15.

Hedge Funds Weigh In On Vanguard S&P 500 Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in Vanguard S&P 500 Value ETF by 16.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 395 shares of the company’s stock worth $73,000 after buying an additional 57 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Vanguard S&P 500 Value ETF by 3.1% during the first quarter. Axxcess Wealth Management LLC now owns 2,130 shares of the company’s stock worth $392,000 after acquiring an additional 64 shares in the last quarter. Sigma Planning Corp boosted its position in Vanguard S&P 500 Value ETF by 3.1% during the second quarter. Sigma Planning Corp now owns 2,203 shares of the company’s stock valued at $416,000 after purchasing an additional 66 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Vanguard S&P 500 Value ETF by 1.6% in the second quarter. DAVENPORT & Co LLC now owns 4,405 shares of the company’s stock valued at $831,000 after purchasing an additional 68 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Vanguard S&P 500 Value ETF by 1.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 5,407 shares of the company’s stock worth $1,020,000 after purchasing an additional 74 shares during the last quarter.

About Vanguard S&P 500 Value ETF

The Vanguard S&P 500 Value ETF (VOOV) is an exchange-traded fund that is based on the S&P 500 Value index. The fund tracks an index of large- and mid-cap value-style securities from the Committee-selected S&P 500. VOOV was launched on Sep 7, 2010 and is managed by Vanguard.