Advisers Boost Vanguard ETF Stakes

Several investment firms reported increasing or initiating positions in Vanguard’s S&P 500 ETF (VOO) during the third quarter. BCS Wealth Management raised its stake by 6.4%, Avion Wealth by 1.3%, and Carnegie Lake Advisors disclosed a new position; other large institutional investors also reported substantial holdings or purchases. Separately, a comparison of VOO and Vanguard’s Total Stock Market ETF (VTI) argues that their long-term returns are very similar because large-cap stocks dominate both funds, making the choice between them largely a matter of preference and desired market coverage.