SpaceX Jumps 25% in August as Seven Vanguard ETFs Increase Stakes

Yahoo Finance ·

Space Exploration Technologies completed its initial public offering on June 12, and by June 30, nine Vanguard-managed exchange-traded funds had already acquired shares. According to updated portfolio data as of July 31, seven of those nine ETFs expanded their positions further. The Vanguard Morningstar Total Stock Market ETF, trading under the ticker VTI and recognized as the second-largest ETF globally by net assets, holds the largest allocation among them. During July, VTI added 53,439 shares, representing a modest 0.3% increase from its June holdings. Major funds are expected to maintain their accumulation strategy moving forward.

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As SpaceX surged 25% in August, seven major Vanguard ETFs were reported to have made additional stock purchases throughout July. Notably, VTI, the world's second-largest asset manager, held a large stake in SpaceX and led the additional buying. This continuous capital inflow from major ETFs is expected to further strengthen upward momentum for the stock price.

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As major Vanguard-affiliated ETFs expanded their stakes in SpaceX, supply-demand improvements and institutional investor confidence have been proven. In particular, the buying momentum of major funds, including VTI, is promoting passive fund inflows, significantly increasing short-term upward price pressure.

If additional institutional buying continues, a bullish scenario attempting to break new highs is likely. On the other hand, since there is a possibility of capital outflow during tech stock corrections caused by macroeconomic deterioration, the fluctuation trends in holdings of major ETFs must be closely monitored.

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