Investment Firm Moneywise Inc. Trims Holdings in Vanguard Mid-Cap ETF

Investment advisory firm Moneywise Inc. has notably decreased its investment in the Vanguard Mid-Cap ETF (NYSEARCA:VO) by 8.8%, a recent SEC filing reveals. Over the third quarter, Moneywise sold 1,344 shares of the ETF, leaving it with a total of 13,896 shares. After this adjustment, Vanguard Mid-Cap ETF now constitutes approximately 1.8% of Moneywise's portfolio, positioning it as the 13th largest holding within their investments. These changes in holdings have been valued at roughly $2.9 million at the close of the last reporting period.

Changes in Institutional Investments

Moneywise isn't the only institutional investor making moves. A number of hedge funds and other institutional investors have also recently changed their stakes in the Vanguard Mid-Cap ETF. For instance, Argonautica Private Wealth Management Inc. slightly increased its holdings by 0.6% during the second quarter, obtaining 7,896 shares valued at $1.7 million after buying an additional 46 shares. On the other hand, Curbstone Financial Management Corp. increased its investment by 1.3% in the first quarter, ending up with a total of 3,950 shares worth approximately $833,000.

Moreover, Strategic Financial Services Inc., GoalFusion Wealth Management LLC, and John W. Brooker & Co. CPAs have also made incremental purchases of the Vanguard Mid-Cap ETF, revealing ongoing interest and confidence among investors in mid-size US companies.

Current Status of Vanguard Mid-Cap ETF

Vanguard Mid-Cap ETF recently opened at $232.64 per share. It has been working through a market cap of $57.73 billion, holding a price-to-earnings ratio of 17.60 and a beta of 1.08. Its performance has been traced by a 50-day simple moving average of $216.29 and a 200-day simple moving average of $216.68. The ETF has experienced a 52-week low and high of $194.79 and $234.05, respectively.

About Vanguard Mid-Cap ETF

The Vanguard Mid-Cap ETF is designed to track the performance of the MSCI US Mid Cap 450 Index, which includes medium-sized US companies. The strategy is to maintain stock holdings in proportion to their capitalization weights within the index. The Quantitative Equity Group of The Vanguard Group, Inc. is tasked with managing the investment strategy of the Fund.

Investment, Moneywise, Vanguard