Vanguard S&P 500 ETF $VOO Stock: Luminvest Wealth Management LLC Reduces Position

Luminvest Wealth Management LLC cut its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 7.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,566 shares of the company’s stock after selling 1,632 shares during the quarter. Vanguard S&P 500 ETF makes up about 4.1% of Luminvest Wealth Management LLC’s holdings, making the stock its 7th largest holding. Luminvest Wealth Management LLC’s holdings in Vanguard S&P 500 ETF were worth $15,234,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of VOO. Birch Capital Management LLC purchased a new stake in shares of Vanguard S&P 500 ETF during the second quarter valued at $25,000. RHL Group LLC lifted its position in Vanguard S&P 500 ETF by 50.0% during the 2nd quarter. RHL Group LLC now owns 48 shares of the company’s stock worth $33,000 after acquiring an additional 16 shares during the period. Lifetime Wealth Management P.C. acquired a new stake in Vanguard S&P 500 ETF during the 4th quarter worth about $41,000. XP Advisory US Inc. acquired a new stake in Vanguard S&P 500 ETF during the 2nd quarter worth about $45,000. Finally, Advocate Investing Services LLC lifted its holdings 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 purchasing an additional 24 shares during the period.

Vanguard S&P 500 ETF Stock Down 1.1%

Vanguard S&P 500 ETF stock opened at $707.43 on Thursday. Vanguard S&P 500 ETF has a 52 week low of $578.46 and a 52 week 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 price-to-earnings ratio of 24.97 and a beta of 1.00.

Key Headlines Impacting Vanguard S&P 500 ETF

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

Vanguard S&P 500 ETF Company 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.