The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SPX), rose a modest 0.06% in today’s pre-market trading, as investors awaited Tuesday’s deadline to reopen the Strait of Hormuz. They also reacted to reports of a possible 45-day ceasefire in the U.S.-Iran conflict.
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At the time of writing, the global oil benchmark Brent (CM:BZ) was down 0.73% at $108.26 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) fell 1.3% to $110.11 per barrel.
Wall Street capped the holiday-shortened trading week on a positive note. The S&P 500 surged nearly 6%, its best weekly gain since late November, snapping a five-week losing streak. The Dow rose about 3%, while the Nasdaq climbed 4.4%, both breaking recent downtrends amid de-escalation hopes.
Overall, VOO has gained 2.65% over the past five days and 30% over the past year.
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 $762.42 implies an upside of 26.44%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Moderna (MRNA)
- Ciena Corp. (CIEN)
- APA Corp. (APA)
- CF Industries Holdings (CF)
- Archer Daniels Midland (ADM)
Revealingly, the VOO ETF’s Smart Score is seven, implying that this ETF will likely perform in line with 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.