Vanguard S&P 500 ETF $VOO Stock: Tenon Financial LLC Raises Stake

Tenon Financial LLC lifted its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 113,268 shares of the company’s stock after buying an additional 5,361 shares during the quarter. Vanguard S&P 500 ETF makes up 24.1% of Tenon Financial LLC’s holdings, making the stock its largest holding. Tenon Financial LLC’s holdings in Vanguard S&P 500 ETF were worth $79,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VOO. Birch Capital Management LLC purchased a new stake in Vanguard S&P 500 ETF during the 2nd quarter valued at about $25,000. RHL Group LLC raised its holdings in Vanguard S&P 500 ETF by 50.0% in the second quarter. RHL Group LLC now owns 48 shares of the company’s stock worth $33,000 after buying an additional 16 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new position in Vanguard S&P 500 ETF in the fourth quarter worth about $41,000. XP Advisory US Inc. bought a new position in shares of Vanguard S&P 500 ETF in the second quarter worth approximately $45,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Vanguard S&P 500 ETF in the second quarter worth approximately $53,000.

Vanguard S&P 500 ETF Stock Down 1.1%

NYSEARCA:VOO opened at $707.43 on Thursday. The company’s 50 day moving average price is $706.69 and its 200-day moving average price is $682.80. Vanguard S&P 500 ETF has a 52 week low of $578.46 and a 52 week high of $718.47. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 24.97 and a beta of 1.00.

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

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.