Wealth Group Ltd Sells 936 Shares of Vanguard S&P 500 ETF $VOO

Wealth Group Ltd lowered its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,400 shares of the company’s stock after selling 936 shares during the period. Vanguard S&P 500 ETF comprises 4.7% of Wealth Group Ltd’s holdings, making the stock its 7th largest position. Wealth Group Ltd’s holdings in Vanguard S&P 500 ETF were worth $25,047,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Worth Asset Management LLC increased its holdings in shares of Vanguard S&P 500 ETF by 4.8% in the third quarter. Worth Asset Management LLC now owns 1,694 shares of the company’s stock worth $1,187,000 after acquiring an additional 77 shares in the last quarter. Crumly & Associates Inc. grew its position in shares of Vanguard S&P 500 ETF by 1.3% in the 3rd quarter. Crumly & Associates Inc. now owns 12,641 shares of the company’s stock valued at $8,860,000 after purchasing an additional 164 shares during the period. Asempa Wealth Advisors increased its stake in Vanguard S&P 500 ETF by 5.5% during the 3rd quarter. Asempa Wealth Advisors now owns 522 shares of the company’s stock worth $367,000 after purchasing an additional 27 shares in the last quarter. Pathway Financial Advisors LLC raised its holdings in Vanguard S&P 500 ETF by 30.3% during the 3rd quarter. Pathway Financial Advisors LLC now owns 3,140 shares of the company’s stock worth $2,201,000 after buying an additional 730 shares during the period. Finally, Great Waters Wealth Management lifted its stake in Vanguard S&P 500 ETF by 15.3% in the third quarter. Great Waters Wealth Management now owns 634 shares of the company’s stock valued at $444,000 after buying an additional 84 shares in the last quarter.

Vanguard S&P 500 ETF Trading Down 0.2%

Shares of VOO stock traded down $1.54 during trading hours on Wednesday, hitting $714.66. 3,105,225 shares of the company were exchanged, compared to its average volume of 8,667,433. Vanguard S&P 500 ETF has a 52 week low of $578.46 and a 52 week high of $718.47. The business has a 50 day moving average of $704.15 and a two-hundred day moving average of $678.11. The company has a market capitalization of $1.05 trillion, a PE ratio of 24.97 and a beta of 1.00.

Key Stories Impacting Vanguard S&P 500 ETF

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

• Positive Sentiment: The S&P 500 closed at a record high after technology stocks advanced and Treasury yields eased from recent peaks, providing a favorable backdrop for VOO’s broad large-cap holdings. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
• Positive Sentiment: Improving investor sentiment and expectations for resilient corporate earnings and holiday spending could help Wall Street ETFs remain steady despite midterm-election uncertainty. Midterm Uncertainty Unlikely to Rattle Wall Street ETFs
• Positive Sentiment: One long-term comparison favors VOO over more technology-heavy QQQ because VOO offers lower concentration risk, a quality screen and broad exposure at a low cost. Why I’d Choose VOO Over QQQ For The Next 20 Years
• Neutral Sentiment: Market futures are little changed as investors await the Federal Reserve’s September meeting minutes and monitor geopolitical tensions involving Iran, suggesting near-term volatility may remain elevated. Stock Market: Will S&P 500 Open Up or Down Today?
• Negative Sentiment: NVIDIA, Apple and Microsoft now represent roughly 21% of the S&P 500, increasing VOO’s dependence on a small group of megacap technology stocks and amplifying the risk of a concentrated selloff. Three Stocks Are Now 21% of the S&P 500, the Most Ever
• Negative Sentiment: Commentary warns that the latest rally is being driven by technology while many other stocks lag, and some megacaps appear overbought. Higher yields or disappointing earnings could therefore pressure VOO. The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else

Vanguard S&P 500 ETF 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.