Vicus Capital Increases Investment in Vanguard Mid-Cap ETF (NYSEARCA:VO)
During the third quarter, Vicus Capital has raised its stake in the Vanguard Mid-Cap ETF (NYSEARCA:VO) by 12.5%, as indicated in its latest Form 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 125 shares, Vicus Capital now owns a total of 1,124 shares of this ETF, which had a value of approximately $297,000 at the end of the reporting period.
Other institutional investors and hedge funds have also been active with Vanguard Mid-Cap ETF. For instance, Northwestern Mutual Wealth Management Co. increased its holdings by 1.8% in the second quarter, accumulating a total of 5,298,281 shares, valued at about $1,282,736,000 after purchasing 94,950 additional shares. Similarly, Raymond James & Associates saw a 1.6% increase in their stakes, resulting in ownership of 3,874,342 shares, worth around $937,978,000 after they acquired 60,213 shares last quarter.
Envestnet Asset Management Inc. raised its investment in Vanguard Mid-Cap ETF by 1.1%, with their total now standing at 2,814,769 shares valued at approximately $681,456,000, after an additional purchase of 30,019 shares. Additionally, Raymond James Financial Services Advisors Inc. boosted its holdings by 10.8% during the same period, now owning 2,274,175 shares with a value of $550,578,000 after acquiring 221,767 shares.
Lastly, Natixis Advisors LLC significantly expanded its position by 19.7%, now holding 1,760,991 shares valued at about $426,336,000, following a 290,003 share purchase during the last quarter.
Vanguard Mid-Cap ETF Price Performance
As of Wednesday, Vanguard Mid-Cap ETF shares opened at $266.77, having a market capitalization of $68.98 billion, a PE ratio of 19.64, and a beta of 0.98. Over the past year, the ETF’s price has fluctuated between a low of $194.79 and a high of $270.79. The current fifty-day moving average stands at $259.24 while the 200-day moving average is $249.28.
About Vanguard Mid-Cap ETF
The Vanguard Mid-Cap ETF is an exchange-traded fund that aims to replicate the performance of the MSCI US Mid-Cap 450 Index, which includes medium-sized companies in the United States. The ETF maintains a portfolio that reflects the same capitalization weighting as the index. The investment advisor for the fund is Vanguard Group, Inc., specifically its Quantitative Equity Group.
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