Fulton Bank N.A. Expands Stake in Vanguard Mid-Cap Value ETF

Fulton Bank N.A. announced an increase in its holdings in the Vanguard Mid-Cap Value ETF (NYSEARCA:VOE) by 8.4% during the fourth quarter, according to its recent filing with the Securities and Exchange Commission (SEC). This institutional investor now owns a total of 2,602 shares following the acquisition of an additional 202 shares within the quarter. By the end of this most recent quarter, Fulton Bank’s investment in the Vanguard Mid-Cap Value ETF was valued at approximately $421,000.

Around the same time, several other institutional investors and hedge funds were also adjusting their positions in the Vanguard Mid-Cap Value ETF. For instance, Planning Capital Management Corp acquired a new stake in the ETF during the third quarter, with an investment of about $29,000. Furthermore, ORG Partners LLC purchased shares valued at roughly $35,000, indicating a growing interest in this investment. Abound Wealth Management made notable moves as well, increasing their holdings by 72.9% in the ETF during the second quarter. After this expansion, they now hold 230 shares, worth $35,000, after buying an additional 97 shares last quarter. SouthState Corp also entered the market with a new position valued at $42,000. In addition, Northwest Investment Counselors LLC added a new position in Vanguard Mid-Cap Value ETF during the same quarter, worth around $44,000.

Current Market Performance of Vanguard Mid-Cap Value ETF

As of Friday, the shares of the Vanguard Mid-Cap Value ETF opened at $159.16. The ETF's fifty-day simple moving average stands at $168.17, while its two-hundred-day simple moving average is $163.32. Over the past year, the ETF has experienced a 52-week low of $140.12 and a high of $176.83. Vanguard Mid-Cap Value ETF boasts a market capitalization of $16.94 billion, with a price-to-earnings (P/E) ratio of 15.05 and a beta of 0.83, indicating relatively lower volatility compared to the market.

Vanguard Mid-Cap Value ETF Overview

The Vanguard Mid-Cap Value Index Fund operates as an open-end investment company, falling under the category of mutual funds. It offers two types of shares: Investor Shares and ETF Shares. Investor Shares are accessible to any investor who is eligible based on the fund's minimum purchase requirements. On the other hand, ETF Shares can be traded like stocks through a brokerage.

Conclusion

The movements of Fulton Bank N.A. and various other institutional investors reflect a growing confidence in the Vanguard Mid-Cap Value ETF, making it a noteworthy investment in the market.

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