The Vanguard LargeCap ETF Could Top $230 Soon
The Vanguard LargeCap ETF (VV) is one of the top-performing funds in the large-cap sector of the US market, and it could deliver higher gains over the coming months.
VV is Up by 26% Year-to-date
The Vanguard LargeCap ETF (VV) is one of the leading funds tracking the performance of large-cap companies in the United States. It has been around since 2004, and it is a passively managed ETF designed to offer investors broad exposure to the Large Cap Blend sector of the US stock market.
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VV is sponsored by Vanguard and currently has more than $27 billion in assets under management. Hence, making it one of the largest funds seeking to match the Large Cap Blend segment of the US equity market.
VV is designed to match the performance of the CRSP US Large Cap Index before fees and expenses. This index includes US companies that make up the p 85% of investable market cap and are traded on the leading stock exchanges such as NYSE, NYSE Market, NASDAQ or ARCA.
With an annual operating expense of 0.04%, the Vanguard LargeCap ETF is one of the least expensive funds in the space. Currently, the ETF has a 12-month trailing dividend yield of 1.16%. Since the start of the year, VV has added more than 26% to its value. At press time, VV is trading at $219, up by 0.23% since the US market opened today.
VV Could Rally to $230
The Vanguard LargeCap ETF could continue its rally and reach the $230 mark before the end of the year. This fund has the heaviest allocation to the Information Technology sector (about 29.50%).
VV holds some strong companies in its portfolio, including Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). If VV continues with its current performance, then it could hit the $230 mark or higher over the coming weeks or months. The fund has a beta of 1.01 and a standard deviation of 22.80% for the past three-year period, making it a medium-risk ETF in the space.