ETFs
Large Cap ETF (VOO) Hits New 52-Week High
For investors looking for dynamism, Vanguard S&P 500 Exchange Traded Fund VOO is likely on the radar. The fund just hit a 52-week high and is up 35% from its 52-week low of $375.95 per share.
But will this ETF continue to generate gains? Let’s take a quick look at the fund and its near-term outlook to get a better idea of where it might be headed:
VOO featured
The Vanguard S&P 500 ETF tracks the S&P 500 Index with diversified exposure across various sectors. Information Technology, Financials, Healthcare, and Consumer Discretionary are the top four sectors, each representing a double-digit allocation. VOO charges 3bps in annual fees (see: All Large-Cap Blend ETFs here).
Why move?
The large-cap segment has been a sector to watch lately, as the S&P 500 has been hitting new records. The large-cap index shows no signs of slowing down, driven by the artificial intelligence craze. The S&P 500 posted its sixth-largest first-half gain since 1990, according to CFRA’s chief investment strategist.
More gains to come?
Currently, VOO has a Zacks ETF Rank #1 (Strong Buy) with a medium risk outlook, suggesting that outperformance could continue in the months ahead. However, many of the sectors that comprise this ETF have a strong Zacks Industry Rank. So there is certainly promise for those who want to take a little more advantage of this booming ETF.
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Vanguard S&P 500 ETF (VOO): ETF Research Reports