Kingdom Financial Group LLC. Grows Position in Vanguard S&P 500 ETF $VOO

Kingdom Financial Group LLC. raised its position in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 872.8% during the 4th quarter, HoldingsChannel reports. The fund owned 15,371 shares of the company’s stock after buying an additional 13,791 shares during the quarter. Vanguard S&P 500 ETF comprises about 3.0% of Kingdom Financial Group LLC.’s portfolio, making the stock its 9th largest holding. Kingdom Financial Group LLC.’s holdings in Vanguard S&P 500 ETF were worth $9,640,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nvest Wealth Strategies Inc. acquired a new stake in Vanguard S&P 500 ETF in the fourth quarter valued at $26,000. United Community Bank acquired a new stake in shares of Vanguard S&P 500 ETF during the 4th quarter worth $27,000. Camelot Portfolios LLC acquired a new stake in shares of Vanguard S&P 500 ETF during the 4th quarter worth $27,000. Clear Investment Research LLC acquired a new stake in shares of Vanguard S&P 500 ETF during the 3rd quarter worth $28,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Vanguard S&P 500 ETF in the third quarter valued at about $29,000.

Vanguard S&P 500 ETF Stock Up 0.2%

NYSEARCA:VOO opened at $682.84 on Friday. The stock’s 50-day simple moving average is $637.24 and its 200 day simple moving average is $631.56. The firm has a market capitalization of $933.65 billion, a PE ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a twelve month low of $529.11 and a twelve month high of $689.10.

More Vanguard S&P 500 ETF News

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

• Positive Sentiment: VOO is attracting large inflows and is nearing $1 trillion in assets, signaling strong investor demand for broad S&P 500 exposure. Why VOO stock is rising as US bond yields soar and AUM nears $1 trillion
• Positive Sentiment: ETF industry inflows are running near record pace, which supports demand for major passive funds such as VOO. ETF Prime: ETF Inflows on Pace to Shatter Annual Record
• Positive Sentiment: Market sentiment improved as stocks rebounded and oil prices fell, easing inflation fears and helping large-cap equities like VOO. S&P 500 Rebounds Ahead Of Nvidia’s Print, Oil Sinks 5% On Iran Truce Hopes: Stock Market Today
• Neutral Sentiment: Several articles reinforced that VOO remains a benchmark S&P 500 fund, but the comparisons versus similar ETFs were mostly informational and not a major catalyst. Forget VOO: This iShares S&P 500 ETF Pays Distributions on the Same Day at Half the Bid Ask Spread
• Neutral Sentiment: Commentary about VOO’s long-term outperformance versus DIA and its popularity with investors is supportive, but largely reiterates its established reputation. If You Invest $200 per Month in the S&P 500 Right Now, Here’s What You Might Have After 30 Years
• Negative Sentiment: Some coverage suggested rival S&P 500 ETFs can be slightly cheaper or more efficient on distributions, which may modestly pressure VOO’s competitive appeal. IVV Beat VOO by 10 Basis Points Last Year and Securities Lending Is the Reason Most Investors Miss

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.