Naples Global Advisors Trims Position in Vanguard S&P Mid-Cap 400 ETF

Naples Global Advisors LLC has scaled back its investment in the Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO), a notable exchange-traded fund (ETF) tracking mid-cap US companies. During the fourth quarter, Naples Global Advisors LLC's disclosed holdings in IVOO decreased by 1.2%, leaving it with 10,215 shares after the sale of 125 shares within the period. This adjustment was reported in the company's recent filings with the Securities and Exchange Commission (SEC). At the close of the reporting period, Naples Global Advisors' remaining shares in IVOO were valued at approximately $960,000.

Investment Adjustments Among Large Investors

Shifts in investment positions have been observed not only by Naples Global Advisors but also by other prominent investors. Moneta Group Investment Advisors LLC expanded its IVOO holdings by a staggering 146,853.8% in the fourth quarter, reaching 2,640,759 shares valued at roughly $431,949,000. Bank of America Corp DE saw a 119.4% rise in its stake in the first quarter, holding 618,655 shares worth around $52,388,000. UBS Group AG increased its investment by 2.2% during the third quarter, owning 423,531 shares evaluated at $35,801,000. Similarly, LPL Financial LLC raised its stake by 7.3% during the third quarter, reaching a total of 312,140 shares valued at $26,385,000. Additionally, WNY Asset Management LLC grew its IVOO shares by 5.8% in the third quarter, now holding 194,896 shares valued at $16,474,000.

Price Movements of Vanguard S&P Mid-Cap 400 ETF

The trading price of Vanguard S&P Mid-Cap 400 ETF's shares opened at $100.85 on a recent Thursday. IVOO boasts a market capitalization of $1.83 billion, with a price-to-earnings ratio sitting at 13.00, and a beta value of 1.13. The ETF's trading history shows a fifty-day moving average at $95.66 and its 200-day moving average at $89.84. Over the past year, the ETF's price fluctuated between a low of $78.54 and a peak of $101.37.

About Vanguard S&P Mid-Cap 400 ETF

The Vanguard S&P Mid-Cap 400 ETF (IVOO) is designed to track the performance of the S&P Mid Cap 400 index, reflecting a market cap-weighted mix of mid-sized US companies. Launched on September 9, 2010, IVOO is managed by Vanguard, one of the leading investment management companies.

Naples, Vanguard, IVOO, Investment, ETF, SEC, Mid-Cap