WestHill Financial Advisors Inc. Sells 2,874 Shares of Vanguard S&P 500 ETF $VOO

WestHill Financial Advisors Inc. reduced its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,386 shares of the company’s stock after selling 2,874 shares during the quarter. Vanguard S&P 500 ETF accounts for 17.8% of WestHill Financial Advisors Inc.’s portfolio, making the stock its largest position. WestHill Financial Advisors Inc.’s holdings in Vanguard S&P 500 ETF were worth $106,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in Vanguard S&P 500 ETF by 6.5% during the 1st 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 in the last quarter. Bank of America Corp DE raised its stake in shares of Vanguard S&P 500 ETF by 1.3% in the 1st 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 period. Royal Bank of Canada lifted its holdings in shares of Vanguard S&P 500 ETF by 496.2% in the fourth quarter. Royal Bank of Canada now owns 21,356,933 shares of the company’s stock valued at $13,393,573,000 after purchasing an additional 17,774,521 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Vanguard S&P 500 ETF by 1.3% in the second 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 in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Vanguard S&P 500 ETF by 8.5% during the second quarter. Assetmark Inc. now owns 4,037,865 shares of the company’s stock worth $2,773,246,000 after buying an additional 314,829 shares during the period.

Key Headlines Impacting Vanguard S&P 500 ETF

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

• Positive Sentiment: Citi maintained a bullish scenario for the S&P 500, projecting a potential year-end level of 8,100 if currently weak market segments stabilize and participate in the rally. Such a move would generally benefit VOO. Citi Says the S&P 500 Hits 8,100
• Neutral Sentiment: U.S. stock futures initially edged higher ahead of major-bank earnings and inflation data, indicating some investor optimism and providing a temporary supportive backdrop for VOO. S&P 500, Dow futures rise ahead of big bank results
• Neutral Sentiment: Market commentary continues to favor diversified, long-term S&P 500 investing, noting the difficulty of consistently selecting stocks that outperform the index. This supports VOO’s long-term diversification case but is unlikely to affect the fund’s immediate trading. No One Owns A Stock That Beat The S&P 500 Every Year
• Negative Sentiment: Hot core CPI caused Treasury yields to rise, with higher long-term borrowing costs weighing on growth-oriented stocks and semiconductor shares. The resulting pressure on major S&P 500 components was the clearest near-term headwind for VOO. S&P500: Hot CPI Puts Long-Term Yields Back in Control
• Negative Sentiment: Weakness in chip stocks also pressured the broader index as investors awaited bank earnings, adding to the market’s sensitivity to interest rates and earnings expectations. S&P 500 futures muted as investors await big bank earnings

Vanguard S&P 500 ETF Price Performance

VOO stock opened at $707.43 on Thursday. The stock has a market capitalization of $1.04 trillion, a P/E ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a fifty-two week low of $578.46 and a fifty-two week high of $718.47. The business has a 50-day moving average of $706.69 and a 200-day moving average of $682.80.

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.