Vanguard S&P 500 Value ETF (NYSEARCA:VOOV) Hits New 52-Week High – Here’s Why

Vanguard S&P 500 Value ETF (NYSEARCA:VOOV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $226.04 and last traded at $226.21, with a volume of 10877 shares trading hands. The stock had previously closed at $224.33.

Vanguard S&P 500 Value ETF Price Performance

The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 20.05 and a beta of 0.82. The firm has a fifty day simple moving average of $220.87 and a two-hundred day simple moving average of $214.23.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in Vanguard S&P 500 Value ETF by 16.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,942 shares of the company’s stock valued at $1,279,000 after purchasing an additional 961 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Vanguard S&P 500 Value ETF by 38.7% in the first quarter. Goldman Sachs Group Inc. now owns 200,825 shares of the company’s stock worth $36,990,000 after buying an additional 56,052 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Vanguard S&P 500 Value ETF by 49.5% in the first quarter. Jane Street Group LLC now owns 2,578 shares of the company’s stock worth $475,000 after buying an additional 854 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Vanguard S&P 500 Value ETF by 16.9% during the first quarter. Geneos Wealth Management Inc. now owns 395 shares of the company’s stock worth $73,000 after buying an additional 57 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Vanguard S&P 500 Value ETF by 4.5% during the second quarter. Baird Financial Group Inc. now owns 9,787 shares of the company’s stock worth $1,847,000 after buying an additional 418 shares during the period.

Vanguard S&P 500 Value ETF Company Profile

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.