Bestgate Wealth Advisors LLC Acquires 1,986 Shares of Vanguard S&P 500 ETF $VOO

Bestgate Wealth Advisors LLC boosted its holdings in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO) by 198.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,988 shares of the company’s stock after acquiring an additional 1,986 shares during the period. Vanguard S&P 500 ETF accounts for approximately 3.2% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Bestgate Wealth Advisors LLC’s holdings in Vanguard S&P 500 ETF were worth $1,785,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Curated Wealth Partners LLC increased its position in shares of Vanguard S&P 500 ETF by 12.7% during the 4th quarter. Curated Wealth Partners LLC now owns 70,385 shares of the company’s stock worth $44,141,000 after purchasing an additional 7,931 shares during the last quarter. Certified Advisory Corp grew its stake in shares of Vanguard S&P 500 ETF by 37.4% in the third quarter. Certified Advisory Corp now owns 26,102 shares of the company’s stock worth $15,984,000 after acquiring an additional 7,110 shares in the last quarter. Red Door Wealth Management LLC grew its stake in Vanguard S&P 500 ETF by 4.4% during the 4th quarter. Red Door Wealth Management LLC now owns 35,266 shares of the company’s stock worth $22,116,000 after purchasing an additional 1,498 shares in the last quarter. Fullerton Fund Management Co Ltd. acquired a new position in shares of Vanguard S&P 500 ETF during the fourth quarter worth about $5,677,000. Finally, Motley Fool Wealth Management LLC grew its holdings in Vanguard S&P 500 ETF by 89.9% during the 4th quarter. Motley Fool Wealth Management LLC now owns 47,848 shares of the company’s stock worth $30,007,000 after acquiring an additional 22,658 shares in the last quarter.

Vanguard S&P 500 ETF News Summary

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

• Positive Sentiment: VOO gained after weaker-than-expected U.S. labor market data boosted expectations that the Federal Reserve could ease policy sooner, helping large-cap equities and the S&P 500 broadly. VOO ETF Surges on Weaker Labor Market Data Amid Tech Stock Drag
• Positive Sentiment: Several articles pointed to the S&P 500’s strong recent performance and the possibility of continued support from solid earnings growth and AI-related momentum, which is constructive for a broad-market ETF like VOO. S&P 500 companies expected to clear high bar in Q2 earnings season
• Positive Sentiment: Commentary highlighting VOO’s long-term compounding appeal and historical strength of the S&P 500 may support investor demand for the ETF as a core buy-and-hold holding. Where Will VOO Be in 20 Years? Here’s What History Suggests.
• Neutral Sentiment: Articles comparing VOO with other ETFs such as SCHD, and discussing diversification or historical returns, are mostly educational and don’t appear to have a direct near-term impact on the fund. VOO vs. SCHD: Which ETF Should You Buy?
• Negative Sentiment: Several pieces criticized VOO’s low headline fee as hiding other costs or argued that cheaper alternatives may offer better value, which could weigh on sentiment at the margin. VOO’s 0.03% Fee Hides the Real Cost: Why Cheaper Competitors Charge Half as Much

Vanguard S&P 500 ETF Stock Performance

VOO opened at $684.84 on Friday. The company has a market cap of $980.45 billion, a P/E ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a one year low of $567.98 and a one year high of $699.15. The business’s 50-day simple moving average is $679.12 and its 200-day simple moving average is $644.86.

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.