Vanguard S&P 500 ETF $VOO Stock Sold by Bangor Savings Bank

Bangor Savings Bank decreased its position in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 3.8% during the third quarter, Holdings Channel.com reports. The fund owned 19,989 shares of the company’s stock after selling 792 shares during the quarter. Vanguard S&P 500 ETF accounts for 1.1% of Bangor Savings Bank’s investment portfolio, making the stock its 19th largest holding. Bangor Savings Bank’s holdings in Vanguard S&P 500 ETF were worth $14,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Bay Harbor Wealth Management LLC lifted its stake in shares of Vanguard S&P 500 ETF by 20.8% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 87 shares of the company’s stock valued at $60,000 after buying an additional 15 shares in the last quarter. Spinnaker Trust raised its holdings in Vanguard S&P 500 ETF by 0.4% during the second quarter. Spinnaker Trust now owns 3,643 shares of the company’s stock valued at $2,502,000 after acquiring an additional 15 shares during the period. Roxbury Financial LLC lifted its position in shares of Vanguard S&P 500 ETF by 5.1% in the third quarter. Roxbury Financial LLC now owns 310 shares of the company’s stock valued at $217,000 after acquiring an additional 15 shares in the last quarter. Hibernia Wealth Partners LLC boosted its stake in shares of Vanguard S&P 500 ETF by 2.6% in the first quarter. Hibernia Wealth Partners LLC now owns 626 shares of the company’s stock worth $374,000 after acquiring an additional 16 shares during the period. Finally, Graves Light Lenhart Wealth Inc. grew its position in shares of Vanguard S&P 500 ETF by 0.9% during the second quarter. Graves Light Lenhart Wealth Inc. now owns 1,712 shares of the company’s stock worth $1,176,000 after purchasing an additional 16 shares in the last quarter.

Vanguard S&P 500 ETF Stock Up 0.5%

NYSEARCA VOO traded up $3.88 during trading hours on Tuesday, reaching $716.20. The company’s stock had a trading volume of 4,555,244 shares, compared to its average volume of 8,697,391. Vanguard S&P 500 ETF has a 1 year low of $578.46 and a 1 year high of $718.47. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 24.97 and a beta of 1.00. The firm’s 50-day moving average price is $704.15 and its 200-day moving average price is $678.11.

Vanguard S&P 500 ETF News Summary

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

• Positive Sentiment: Record S&P 500 supports VOO: The S&P 500 surpassed its previous August peak and finished at a record, providing a direct tailwind for VOO, which tracks the index. Chart: A look at the S&P 500’s remarkable and defiant trip a new record
• Positive Sentiment: AI and megacap technology leadership: Nvidia, Apple and other large technology companies helped drive the market higher as enthusiasm for AI remained strong. VOO’s exposure to these highly valued companies allowed it to participate in the rally. The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else
• Positive Sentiment: Lower Treasury yields improved valuation conditions: Yields eased from recent multiyear highs, reducing some pressure on equity valuations and helping technology stocks lead the advance. S&P 500 hits record high as AI stocks rise and Treasury yields ease further
• Neutral Sentiment: Broad-market diversification remains a selling point: Commentary favoring VOO over more tech-heavy alternatives cited its low cost, profitability requirements and broader diversification. However, VOO still has meaningful exposure to the largest technology companies. Why I’d Choose VOO Over QQQ For The Next 20 Years
• Negative Sentiment: Narrow market breadth raises concentration risk: Most U.S. stocks declined even as the index reached a record, indicating that a small group of technology leaders is doing much of the work. Several megacaps may also be overbought after their recent rallies. Only Four Trillion-Dollar Stocks Are Beating the S&P 500
• Negative Sentiment: Geopolitical and interest-rate risks remain: The Iran conflict and related oil-market shock, elevated borrowing costs and the Federal Reserve’s rate hike could renew volatility and pressure the index if yields or energy prices rise again.

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.