Meet the 9 Vanguard ETFs That Are Buying SpaceX Stock in Droves. Here's My Top Pick of the Bunch.
Nine Vanguard ETFs collectively bought $6.1 billion of SpaceX stock in June.
Overview
Space Exploration Technologies (NASDAQ: SPCX) had its initial public offering (IPO) on June 12 and was fast-tracked into the Nasdaq-100 on July 7. But SpaceX won't be added to the S&P 500 (SNPINDEX: ^GSPC) or to index funds and exchange-traded funds (ETFs) that track the S&P 500 until at least a year after its IPO. That means that SpaceX is still not a holding in Vanguard's largest ETF by net assets: the Vanguard S&P 500 ETF (NYSEMKT: VOO).
However, there are plenty of major Vanguard ETFs that don't use the S&P 500 as a benchmark. Here's how much SpaceX stock they are buying and what investors should expect their SpaceX positions to look like in the coming months.
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Originally published at www.fool.com.