The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SPX), declined 1.50% in Thursday’s pre-market trading after President Donald Trump addressed the nation on the Iran war. His updates hinted at further escalation, sending shockwaves around global markets, which had hoped for positive comments about fading tensions.
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Thursday marks the last trading day of the week, as markets will be closed for Good Friday tomorrow.
At the time of writing, the global oil benchmark Brent (CM:BZ) was trading 8.13% higher at $109.1 a barrel, while West Texas Intermediate crude (CM:CL) rose 10.21% to $110.34 per barrel.
During Wednesday’s regular trading, the three major indexes closed higher for the second straight day on earlier hopes that the Iran war was about to end soon. The Dow added 0.48%, the S&P 500 rose 0.72%, and the Nasdaq surged 1.16%.
Overall, VOO has lost 0.01% over the past five days but has gained 15% 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 $756.10 implies an upside of 25.54%.
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 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.