Drive Wealth Management LLC Grows Stock Position in Vanguard S&P 500 ETF $VOO

Drive Wealth Management LLC lifted its stake in Vanguard S&P 500 ETF (NYSEARCA:VOO) by 19.3% in the fourth quarter, HoldingsChannel reports. The firm owned 4,589 shares of the company’s stock after acquiring an additional 742 shares during the quarter. Drive Wealth Management LLC’s holdings in Vanguard S&P 500 ETF were worth $2,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Securian Asset Management Inc. boosted its holdings in Vanguard S&P 500 ETF by 304.7% in the fourth quarter. Securian Asset Management Inc. now owns 241,230 shares of the company’s stock valued at $151,283,000 after purchasing an additional 181,625 shares during the period. Strait & Sound Wealth Management LLC boosted its holdings in Vanguard S&P 500 ETF by 5.0% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 952 shares of the company’s stock valued at $597,000 after purchasing an additional 45 shares during the period. United Services Automobile Association boosted its holdings in Vanguard S&P 500 ETF by 27.9% in the fourth quarter. United Services Automobile Association now owns 247,379 shares of the company’s stock valued at $155,139,000 after purchasing an additional 53,920 shares during the period. Pure Financial Advisors LLC boosted its holdings in Vanguard S&P 500 ETF by 4.3% in the fourth quarter. Pure Financial Advisors LLC now owns 161,991 shares of the company’s stock valued at $101,590,000 after purchasing an additional 6,692 shares during the period. Finally, Osprey Private Wealth LLC purchased a new position in Vanguard S&P 500 ETF in the fourth quarter valued at $1,296,000.

Vanguard S&P 500 ETF Price Performance

Shares of NYSEARCA VOO opened at $678.04 on Monday. The company has a market capitalization of $927.08 billion, a price-to-earnings ratio of 24.97 and a beta of 1.00. The business has a 50-day moving average of $626.79 and a two-hundred day moving average of $627.54. Vanguard S&P 500 ETF has a 1 year low of $517.36 and a 1 year high of $678.53.

More Vanguard S&P 500 ETF News

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

• Positive Sentiment: RBC Capital Markets raised its year-end S&P 500 target to 7,900, citing resilient earnings growth and strength in AI-related sectors, which supports a bullish outlook for VOO as a broad-market tracker. RBC lifts S&P 500 year-end target to 7,900 on AI optimism
• Positive Sentiment: Another report said the S&P 500 could head toward 8,000, with the rally being driven by a very strong earnings season, reinforcing momentum for VOO. Why the S&P 500 Is Heading to 8000
• Positive Sentiment: Markets continued to notch record highs this week despite geopolitical uncertainty, suggesting investors are still favoring risk assets and large-cap index exposure. Nasdaq, S&P 500 Enjoy Another Record-Breaking Week
• Positive Sentiment: VOO is nearing the $1 trillion asset mark as inflows align with the S&P 500’s rally, highlighting persistent demand for the ETF. VOO nears $1 trillion as S&P 500 rally, inflows align
• Neutral Sentiment: Articles comparing VOO with other index funds and discussing ETF fee cuts are mostly informational, but they underscore how strong demand remains for low-cost core equity ETFs. How Lower ETF Fees Are Saving 401(k) Investors Thousands
• Negative Sentiment: Some technical commentary warned that the S&P 500’s extended run could be nearing exhaustion, which could create near-term volatility for VOO if momentum fades. Elliott Wave and Market Breadth Align on Late-Stage Rally Risk for the S&P 500

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.