1,120 Shares of Vanguard S&P 500 ETF $VOO Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,120 shares of the company’s stock, valued at approximately $785,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Birch Capital Management LLC purchased a new stake in Vanguard S&P 500 ETF during the 2nd quarter worth approximately $25,000. RHL Group LLC raised its holdings in shares of Vanguard S&P 500 ETF by 50.0% in the second quarter. RHL Group LLC now owns 48 shares of the company’s stock worth $33,000 after buying an additional 16 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new position in shares of Vanguard S&P 500 ETF in the fourth quarter worth $41,000. XP Advisory US Inc. purchased a new position in shares of Vanguard S&P 500 ETF in the second quarter worth $45,000. Finally, Advocate Investing Services LLC lifted its stake in shares of Vanguard S&P 500 ETF by 40.7% during the first quarter. Advocate Investing Services LLC now owns 83 shares of the company’s stock worth $50,000 after buying an additional 24 shares during the period.

Vanguard S&P 500 ETF Price Performance

Shares of VOO opened at $707.43 on Thursday. The firm has a market capitalization of $1.04 trillion, a PE ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a 1-year low of $578.46 and a 1-year high of $718.47. The company’s fifty day moving average price is $706.69 and its 200-day moving average price is $682.80.

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.