New England Private Wealth Advisors Reduces Stake in Vanguard Mid-Cap ETF
New England Private Wealth Advisors LLC has decreased its stake in the Vanguard Mid-Cap ETF (NYSEARCA: VO) by **6.0%** during the second quarter of 2023, according to a report from HoldingsChannel. Following the sale of **267 shares**, the firm now holds **4,185 shares**, with a total value of approximately **$1,200,000** as per its latest filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also adjusted their positions in the Vanguard Mid-Cap ETF. Among them, Jones Financial Companies Lllp has increased its holdings by **5.2%** in the first quarter, now owning **18,352,893 shares** valued at approximately **$4.72 billion** after acquiring an additional **912,514 shares**. Northwestern Mutual Wealth Management Co. has expanded its stake by **7.9%**, bringing its total to **6,251,149 shares**, worth about **$1.62 billion** following the purchase of **458,676 shares** during the same period.
Raymond James Financial Inc. has also raised its investment in the ETF by **2.1%**, now holding **6,186,061 shares** valued at around **$1.60 billion** after acquiring **124,452 shares**. In a more significant move, US Bancorp DE has dramatically increased its position by **2,677.1%**, acquiring **4,089,100 shares** to reach a total of **4,241,845 shares**, valued at approximately **$1.19 billion**. Additionally, Envestnet Asset Management Inc. grew its stake by **0.9%**, now owning **3,210,842 shares** worth **$898.46 million** after purchasing an extra **27,625 shares**.
Current Performance of Vanguard Mid-Cap ETF
As of the latest trading session on Tuesday, Vanguard Mid-Cap ETF shares opened at **$291.28**. The fund boasts a market capitalization of **$89.14 billion**, a price-to-earnings ratio of **21.50**, and a beta of **1.04**. Over the past year, the ETF has seen a low of **$223.65** and a high of **$296.87**. Its **50-day simple moving average** stands at **$291.35**, while the **200-day simple moving average** is at **$282.14**.
Vanguard Mid-Cap ETF is designed to track the performance of the MSCI US Mid Cap 450 Index, which represents medium-sized firms in the United States. The fund maintains a portfolio that mirrors the capitalization weightings of the index, ensuring a diverse investment approach. The Vanguard Group, Inc., through its Quantitative Equity Group, serves as the fund’s investment advisor.
The recent adjustments by New England Private Wealth Advisors and other institutional investors reflect ongoing interest and strategic allocation within the mid-cap sector. As market dynamics evolve, these changes may influence future performance and investor sentiment regarding the Vanguard Mid-Cap ETF.
