Vanguard S&P 500 ETF (NYSEARCA:VOO) Reaches New 12-Month High – Should You Buy?

Vanguard S&P 500 ETF (NYSEARCA:VOO)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $561.86 and last traded at $561.39, with a volume of 649939 shares trading hands. The stock had previously closed at $560.67.

Vanguard S&P 500 ETF Trading Up 0.1 %

The stock has a 50 day moving average of $549.85 and a 200-day moving average of $532.96. The company has a market capitalization of $508.22 billion, a P/E ratio of 25.04 and a beta of 1.00.

Hedge Funds Weigh In On Vanguard S&P 500 ETF

Several institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in Vanguard S&P 500 ETF by 22,099.4% during the fourth quarter. Proficio Capital Partners LLC now owns 36,046,464 shares of the company’s stock valued at $19,422,195,000 after purchasing an additional 35,884,088 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Vanguard S&P 500 ETF during the 4th quarter valued at about $14,232,829,000. California Public Employees Retirement System purchased a new position in Vanguard S&P 500 ETF during the 4th quarter valued at about $9,202,879,000. Strategic Financial Concepts LLC grew its position in shares of Vanguard S&P 500 ETF by 62,488.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 10,009,729 shares of the company’s stock worth $5,393,342,000 after buying an additional 9,993,736 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Vanguard S&P 500 ETF by 57,975.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,915,751 shares of the company’s stock worth $4,176,904,000 after purchasing an additional 7,902,121 shares in the last quarter.

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.