Truist Financial Corp Increases Investment in Vanguard S&P Mid-Cap 400 Value ETF

Truist Financial Corp has announced a slight increase in its investment in the Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV). According to their latest filing with the Securities and Exchange Commission, the company raised its position by 0.6% during the second quarter of this year. This change brought Truist's total holdings in the ETF to 24,529 shares, following the acquisition of an additional 145 shares during the quarter.

As reported, Truist Financial holds about 0.25% of the Vanguard S&P Mid-Cap 400 Value ETF, which is currently valued at approximately $2,148,000 according to their recent SEC disclosures.

Other Institutional Investors Making Moves

Truist is not the only institutional investor adjusting its stake in the Vanguard S&P Mid-Cap 400 Value ETF. Several other large investors have either increased or decreased their positions as well:

• Mather Group LLC entered a new position in the ETF during the first quarter, investing around $25,000.
• Bruce G. Allen Investments LLC also purchased a new stake estimated at approximately $63,000 in the same first quarter.
• Another new position was taken by Salomon & Ludwin LLC, amounting to approximately $104,000.
• PNC Financial Services Group Inc. raised their investment by 10.5% in the fourth quarter and now owns 2,356 shares valued at $205,000, following an additional purchase of 223 shares.
• Virtu Financial LLC also entered a new stake in the ETF during the first quarter, with a value near $219,000.

Current Performance of Vanguard S&P Mid-Cap 400 Value ETF

As of the latest trading session, the Vanguard S&P Mid-Cap 400 Value ETF saw a decrease of 0.3%, opening at $94.97. The ETF has shown a notable price range over the past year, with a low of $71.72 and a high of $96.47.

The ETF currently features a fifty-day simple moving average of $92.78 and a two-hundred day simple moving average of $89.93. Additionally, it has a market capitalization of approximately $927.86 million, a price-to-earnings ratio standing at 6.72, and a beta of 1.07, indicating its volatility compared to the broader market.

Insight into Vanguard S&P Mid-Cap 400 Value ETF

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is designed to track the performance of the S&P Mid Cap 400 Value Index. This ETF focuses on value-style securities that are selected from the mid-cap companies compiled in the S&P 400 Index. The fund began operations on September 9, 2010, and is managed by Vanguard.

Investor Resources and Updates

For those interested in tracking the activity of hedge funds holding IVOV, it may be beneficial to keep an eye on HoldingsChannel.com for the latest 13F filings and insider trades.

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Truist, ETF, Investment