The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SPX), was down by 0.14% in Wednesday’s pre-market trading due to ongoing tensions with Iran, rising oil prices. At the time of writing, benchmark Brent crude futures were up 3.36% to $90.73 a barrel, while West Texas Intermediate crude futures were 3.08% higher at $86.02 a barrel.
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Meanwhile, traders await key economic data like the inflation rate which could sway the Federal Reserve’s next interest rate decision. February’s CPI report, due today, is expected to show headline inflation at 2.4% year-over-year, while also offering insights into the softening labor market.
During Tuesday’s regular trading, the three major indexes closed mixed as traders digested developments in the U.S.-Iran war. The S&P 500 fell 0.21%, the Dow dropped 0.07%, while the Nasdaq edged up slightly.
Overall, VOO has lost 0.59% over the past five days but has gained 22% 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 $767.59 implies an upside of 23.26%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Moderna (MRNA)
- Comfort Systems (FIX)
- CF Industries Holdings (CF)
- APA Corp. (APA)
- Archer Daniels Midland (ADM)
Revealingly, 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.