Mittelman Wealth Management Has $2.55 Million Stock Holdings in Vanguard S&P 500 ETF $VOO

Mittelman Wealth Management lessened its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 79.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,714 shares of the company’s stock after selling 13,970 shares during the quarter. Vanguard S&P 500 ETF comprises approximately 1.8% of Mittelman Wealth Management’s portfolio, making the stock its 14th largest holding. Mittelman Wealth Management’s holdings in Vanguard S&P 500 ETF were worth $2,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOO. Birch Capital Management LLC bought a new position in Vanguard S&P 500 ETF during the 2nd quarter valued at about $25,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Vanguard S&P 500 ETF during the fourth quarter worth approximately $26,000. United Community Bank acquired a new stake in shares of Vanguard S&P 500 ETF during the fourth quarter worth approximately $27,000. Quattro Advisors LLC bought a new position in shares of Vanguard S&P 500 ETF in the fourth quarter valued at approximately $27,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Vanguard S&P 500 ETF in the 4th quarter worth approximately $27,000.

More Vanguard S&P 500 ETF News

Here are the key news stories impacting Vanguard S&P 500 ETF this week:

• Positive Sentiment: Recent commentary continues to highlight VOO’s decade-long compounding record, reinforcing its appeal as a low-cost core portfolio holding for long-term investors. 1 Unstoppable Vanguard ETF I Wish I’d Bought 10 Years Ago
• Positive Sentiment: The S&P 500’s gain of more than 33% since President Trump’s reelection demonstrates the index’s recent momentum, although the article notes that market performance has not historically determined midterm election outcomes. The S&P 500 Has Gained More Than 33% Since Trump’s Election
• Neutral Sentiment: Comparisons with Vanguard Total Stock Market ETF (VTI) present VOO as one of the two dominant choices for a core holding, but the debate could influence new investment flows between the funds rather than materially change VOO’s underlying outlook. VOO vs VTI
• Neutral Sentiment: Articles promoting higher-performing or actively managed ETFs highlight competition for investor allocations, while also underscoring VOO’s advantages in diversification, simplicity and typically low costs. What Advisors Should Weigh Before Buying Active ETFs
• Negative Sentiment: Higher Treasury yields pressured stocks, while Walmart’s raised consumer concerns and renewed geopolitical tensions involving Iran added to risk aversion across the S&P 500. S&P500 Forecast: Long Yields Return as Walmart Hits the Dow
• Negative Sentiment: Earlier weakness in Asian markets and investor caution ahead of the Federal Reserve’s August meeting minutes created additional near-term pressure on broad-market ETFs. Stock Market: Will S&P 500 Open Up or Down Today?

Vanguard S&P 500 ETF Price Performance

NYSEARCA VOO opened at $701.01 on Friday. The firm has a market cap of $999.35 billion, a PE ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a one year low of $578.46 and a one year high of $716.39. The stock’s 50 day simple moving average is $691.00 and its 200 day simple moving average is $660.12.

Vanguard S&P 500 ETF 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.