New Hampshire Trust Increases Stake in Vanguard Mid-Cap ETF by 3.6%
New Hampshire Trust has enhanced its investment in the Vanguard Mid-Cap ETF (NYSEARCA: VO) by 3.6%, according to a recent filing with the Securities & Exchange Commission. The firm acquired an additional 6,209 shares during the third quarter, bringing its total holdings to 180,332 shares. This investment now constitutes approximately 10.2% of New Hampshire Trust’s overall portfolio, making the Vanguard Mid-Cap ETF its largest position. As of the end of the most recent quarter, the value of New Hampshire Trust’s holdings in the ETF was approximately $52,971,000.
Several other hedge funds have also adjusted their positions in the Vanguard Mid-Cap ETF recently. Naviter Wealth LLC increased its stake by 2.9% during the second quarter, now owning 1,286 shares valued at $361,000 after acquiring 36 additional shares. Similarly, J2 Capital Management Inc raised its position by 1.5%, totaling 2,556 shares worth $715,000 after a purchase of 37 shares in the same period.
In addition, Lathrop Investment Management Co. expanded its holdings by 3.7%, ending up with 1,030 shares valued at $288,000 following the acquisition of 37 shares. Hantz Financial Services Inc. increased its holdings by 6.7%, now owning 586 shares valued at $164,000 after purchasing an additional 37 shares. Finally, Comprehensive Financial Planning Inc. PA raised its position by 1.2%, owning 3,050 shares worth $853,000 after buying another 37 shares.
Vanguard Mid-Cap ETF Performance and Overview
On October 6, 2023, the Vanguard Mid-Cap ETF opened at $294.51. Over the past year, the stock has seen a low of $223.65 and a high of $298.64. The ETF currently boasts a market capitalization of $90.13 billion, a price-to-earnings ratio of 21.50, and a beta of 1.04. Its 50-day simple moving average stands at $290.62, while the 200-day simple moving average is at $287.56.
The Vanguard Mid-Cap ETF is designed to track 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 capitalization weighting of the index. The investment advisor for the fund is The Vanguard Group, Inc., specifically through its Quantitative Equity Group.
This recent boost in holdings by New Hampshire Trust and other investors indicates continued confidence in the performance of mid-cap stocks within the current economic landscape.
