Stocks

Fmr LLC Reduces Holdings in Vanguard Mid-Cap Value ETF (VOE)

Published February 26, 2024

Fmr LLC has trimmed its investment in Vanguard Mid-Cap Value ETF (NYSEARCA:VOE), selling off a portion of its stocks. In the third quarter, the company parted with 3.7% of its holdings, amounting to 36,832 shares. This adjustment brings Fmr LLC's ownership down to 956,801 shares, making up approximately 0.82% of the ETF, valued at roughly $125.3 million.

Investment Shifts Among Hedge Funds

Several hedge funds have adjusted their positions in the Vanguard Mid-Cap Value ETF over recent quarters. SeaCrest Wealth Management LLC expanded its ownership by 1.9% in the fourth quarter, while Ieq Capital LLC did the same in the third quarter. Prime Capital Investment Advisors LLC made a smaller increase of 0.6% in the third quarter. Additionally, Strategic Financial Concepts LLC and Destiny Wealth Partners LLC made increases, augmenting their stakes by 2.6% and 4.0%, respectively, in their noted periods.

Vanguard Mid-Cap Value ETF Stock Insights

On the performance front, VOE stock opened at $147.43. It possesses a market capitalization of $17.23 billion, a P/E ratio of 13.40, and a beta of 1.05, showcasing its price volatility relative to the overall market. The ETF has seen a one year low of $123.92 and a one year high of $147.82. Notably, VOE's average prices over the past 50 and 200 days stand at $144.12 and $137.59 respectively.

Understanding Vanguard Mid-Cap Value ETF

Vanguard Mid-Cap Value ETF is comprised of a mix of mid-cap company stocks considered to hold value, based on assessment criteria. The fund's structure allows for two types of shares: Investor Shares and ETF Shares, which cater to different investment requirements and trading preferences.

Vanguard, ETF, Investment