CVS HEALTH Corp bought a new stake in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $2,103,000. Vanguard S&P 500 ETF comprises 0.5% of CVS HEALTH Corp’s investment portfolio, making the stock its 29th largest position.
A number of other large investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in shares of Vanguard S&P 500 ETF by 6.5% during the first quarter. California Public Employees Retirement System now owns 33,635,939 shares of the company’s stock worth $20,099,155,000 after purchasing an additional 2,049,100 shares during the period. Bank of America Corp DE lifted its holdings in shares of Vanguard S&P 500 ETF by 1.3% during the first quarter. Bank of America Corp DE now owns 27,441,061 shares of the company’s stock valued at $16,397,406,000 after purchasing an additional 354,072 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard S&P 500 ETF by 1.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,822,531 shares of the company’s stock valued at $7,432,569,000 after purchasing an additional 142,360 shares during the period. Assetmark Inc. boosted its position in shares of Vanguard S&P 500 ETF by 8.5% in the 2nd quarter. Assetmark Inc. now owns 4,037,865 shares of the company’s stock valued at $2,773,246,000 after purchasing an additional 314,829 shares during the period. Finally, Alberta Investment Management Corp increased its stake in Vanguard S&P 500 ETF by 15.6% in the 2nd quarter. Alberta Investment Management Corp now owns 3,880,748 shares of the company’s stock worth $2,665,337,000 after purchasing an additional 522,562 shares in the last quarter.
Key Vanguard S&P 500 ETF News
Investors following VOO have been watching these news items:
- Positive Sentiment: U.S. stock futures rose after CoreWeave eased concerns about AI-related spending, a potential near-term tailwind for the S&P 500 and VOO. Article: S&P 500, Nasdaq futures rise after CoreWeave soothes AI spending fears
- Negative Sentiment: Reuters technical analysis warned the S&P 500 could face further losses. Because VOO follows the index, continued weakness would likely weigh on the ETF. Article: Mapping the Market: S&P 500 at risk of further losses
- Negative Sentiment: Articles point to a particularly weak start to November and warn the market could repeat its 2018 post-midterm decline. These historical comparisons add caution, though they do not predict what happens next. Article: Only 2 Novembers Since 1950 Have Started Worse for the S&P 500
Vanguard S&P 500 ETF Trading Up 1.3%
Shares of VOO opened at $698.35 on Thursday. The business’s 50-day moving average price is $703.39 and its 200 day moving average price is $672.22. The stock has a market capitalization of $1.05 trillion, a P/E 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.
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.
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