Vanguard S&P 500 ETF $VOO Position Lessened by Byrne Asset Management LLC

Byrne Asset Management LLC decreased its holdings in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 70.2% in the third quarter, HoldingsChannel.com reports. The fund owned 985 shares of the company’s stock after selling 2,315 shares during the period. Byrne Asset Management LLC’s holdings in Vanguard S&P 500 ETF were worth $692,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VOO. Birch Capital Management LLC bought a new stake in shares of Vanguard S&P 500 ETF during the 2nd quarter valued at about $25,000. RHL Group LLC grew its holdings in shares of Vanguard S&P 500 ETF by 50.0% during the 2nd quarter. RHL Group LLC now owns 48 shares of the company’s stock worth $33,000 after acquiring an additional 16 shares during the period. Lifetime Wealth Management P.C. purchased a new position in shares of Vanguard S&P 500 ETF in the 4th quarter valued at approximately $41,000. XP Advisory US Inc. bought a new stake in shares of Vanguard S&P 500 ETF during the second quarter valued at approximately $45,000. Finally, Evelyn Partners Investment Management LLP grew its stake in Vanguard S&P 500 ETF by 3,750.0% in the fourth quarter. Evelyn Partners Investment Management LLP now owns 77 shares of the company’s stock worth $48,000 after purchasing an additional 75 shares during the period.

Key Stories Impacting Vanguard S&P 500 ETF

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

• Positive Sentiment: VOO hit a new 12-month high, reflecting continued demand for broad exposure to profitable, large-cap U.S. companies and momentum in the underlying S&P 500. Vanguard S&P 500 ETF Hits New 12-Month High
• Positive Sentiment: U.S. stock futures were trending higher, providing a supportive backdrop for VOO. Investors are beginning to focus on third-quarter earnings, while a soft jobs report may reinforce expectations for a less restrictive interest-rate environment. Stock Market: Will S&P 500 Open Up or Down Today?
• Positive Sentiment: Analysts continued to favor VOO for long-term wealth compounding because its S&P 500 methodology emphasizes established, profitable businesses and offers broader diversification than the technology-heavy Nasdaq-100 tracked by QQQ. Why I’d Choose VOO Over QQQ For The Next 20 Years
• Positive Sentiment: Historical analysis cited a record of S&P 500 gains during the 12 months following midterm elections, suggesting a potentially favorable longer-term backdrop if that pattern continues. S&P 500 Midterm Election Performance

Vanguard S&P 500 ETF Trading Up 0.6%

Vanguard S&P 500 ETF stock traded up $4.42 on Tuesday, hitting $716.74. 2,684,657 shares of the stock traded hands, compared to its average volume of 8,685,507. Vanguard S&P 500 ETF has a 1 year low of $578.46 and a 1 year high of $718.47. The firm has a market cap of $1.07 trillion, a P/E ratio of 24.97 and a beta of 1.00. The business’s fifty day simple moving average is $703.45 and its 200 day simple moving average is $677.35.

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.