The Vanguard S&P 500 ETF (VOO) is up 0.09% in pre-market trading today as investors priced in a higher likelihood of a 25-basis point interest-rate cut at the upcoming Federal Reserve meeting. Also, the ETF gained 0.35% on Wednesday with support from the strong performance of certain stocks such as Tesla (TSLA), UnitedHealth (UNH), and Alphabet (GOOGL).
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Importantly, SPY closely tracks the S&P 500 Index (SPX), which was up 0.3%, while the tech-heavy Nasdaq 100 (NDX) gained 0.2% on Wednesday.
Overall, the VOO ETF has gained 2.14% over the past five days and 17.4% year-to-date.
VOO’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings on its holdings, VOO is a Moderate Buy. The Street’s average price target of $730.70 implies an upside of 16.2%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
Revealingly, VOO ETF’s Smart Score is eight, implying that this ETF will likely outperform the market.
Does VOO Pay Dividends?
Yes, VOO pays dividends. These payments come from the dividends paid by the companies in the S&P 500, and VOO distributes them to shareholders every quarter. The payout amount can change from quarter to quarter because company dividends vary. Investors can receive the dividend as cash or choose to automatically reinvest it into more shares through a dividend reinvestment program.
VOO’s yield as of today is 1.12%.
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