Vanguard S&P 500 ETF (NYSEARCA:VOO) Sets New 52-Week High – Time to Buy?

Vanguard S&P 500 ETF (NYSEARCA:VOO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $689.97 and last traded at $689.42, with a volume of 870773 shares changing hands. The stock had previously closed at $685.55.

Vanguard S&P 500 ETF Stock Up 0.5%

The stock has a 50 day simple moving average of $639.97 and a 200 day simple moving average of $632.41. The stock has a market cap of $942.29 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00.

Institutional Investors Weigh In On Vanguard S&P 500 ETF

A number of hedge funds have recently added to or reduced their stakes in VOO. Brighton Jones LLC boosted its position in shares of Vanguard S&P 500 ETF by 6.5% during the fourth quarter. Brighton Jones LLC now owns 34,524 shares of the company’s stock valued at $18,602,000 after buying an additional 2,112 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Vanguard S&P 500 ETF by 6.1% during the fourth quarter. Bison Wealth LLC now owns 4,790 shares of the company’s stock valued at $2,581,000 after buying an additional 277 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Vanguard S&P 500 ETF during the first quarter valued at approximately $87,000. Wellington Capital Management Inc. purchased a new position in shares of Vanguard S&P 500 ETF during the second quarter valued at approximately $332,000. Finally, United Bank purchased a new position in shares of Vanguard S&P 500 ETF during the second quarter valued at approximately $264,000.

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.