Steph & Co. Reduces Stake in Vanguard Mid-Cap ETF by 4.5%

Investment firm Steph & Co. has scaled down its investment in the Vanguard Mid-Cap ETF (VO) by 4.5% during the third quarter, as reported in the latest filing with the SEC. Following the sale of 1,218 shares within that time frame, the firm's ownership stands at 25,776 shares. Vanguard Mid-Cap ETF currently constitutes about 3.0% of Steph & Co.'s investment portfolio, ranking as its 8th largest holding with a market value of roughly $5.368 million at the last evaluation of the quarter.

Institutional Investors' Moves

The trend of adjusting stakes in Vanguard Mid-Cap ETF has been observed among various institutional investors: J.W. Cole Advisors Inc. raised its shares by 3.6% in the second quarter, achieving a total of 33,932 shares valued at approximately $7.47 million. In a noteworthy transaction, Frank Rimerman Advisors LLC acquired a new position in the fund in the first quarter, valued at about $1.875 million.
During the same quarter, Eagle Strategies LLC upped its stake by 4.1%, now holding 15,335 shares worth $3.376 million. Windsor Group LTD demonstrated one of the more significant increases with a 47% stake rise in the second quarter, bringing their total ownership to 15,940 shares estimated at $3.509 million. Toth Financial Advisory Corp also made a substantial buy, enhancing its holdings by 300% in the third quarter, now sitting on 1,504 shares valued at $313,000.

Performance of Vanguard Mid-Cap ETF

Vanguard Mid-Cap ETF's market performance was positive as shares went up by $1.66 to hit $229.78 during the observed trading session. With a 52-week range between $194.79 and $234.05, the ETF operates with a 50-day simple moving average of $219.40 and a 200-day average at $217.12. Carrying a market capitalization of $57.02 billion, Vanguard Mid-Cap ETF is characterized by a PE ratio of 17.60 and a beta of 1.08, reflective of its volatility in relation to the market.

About Vanguard Mid-Cap ETF

Vanguard Mid-Cap ETF, an exchange-traded fund, follows the MSCI US Mid Cap 450 Index that is composed of mid-sized U.S. companies. The fund's strategy is to mirror the index by maintaining similar capitalization weightings among the diverse stocks it includes. The Vanguard Group, Inc's Quantitative Equity Group is entrusted as the investment advisor for this ETF.

Investment, Vanguard, ETF