Vanguard Mid-Cap ETF (NYSEARCA:VO) Sees Large Volume Increase – Time to Buy?

Vanguard Mid-Cap ETF (NYSEARCA:VO) shares saw strong trading volume on Friday. Approximately 5,162,467 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 2,955,271 shares. The stock last traded at $79.4350 and had previously closed at $79.49.

Vanguard Mid-Cap ETF Stock Performance

The business has a 50 day simple moving average of $80.79 and a 200-day simple moving average of $78.36. The stock has a market capitalization of $104.79 billion, a P/E ratio of 21.50 and a beta of 0.99.

Institutional Investors Weigh In On Vanguard Mid-Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in Vanguard Mid-Cap ETF by 320.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,776,718 shares of the company’s stock worth $1,995,989,000 after buying an additional 18,882,295 shares in the last quarter. Allworth Financial LP grew its position in Vanguard Mid-Cap ETF by 236.1% in the second quarter. Allworth Financial LP now owns 5,151,020 shares of the company’s stock worth $415,018,000 after buying an additional 3,618,496 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Vanguard Mid-Cap ETF in the third quarter valued at $286,211,000. Baird Financial Group Inc. increased its holdings in shares of Vanguard Mid-Cap ETF by 298.8% in the second quarter. Baird Financial Group Inc. now owns 2,499,328 shares of the company’s stock valued at $201,371,000 after buying an additional 1,872,643 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Vanguard Mid-Cap ETF by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,358,867 shares of the company’s stock valued at $677,420,000 after acquiring an additional 54,228 shares during the last quarter.

About Vanguard Mid-Cap ETF

Vanguard Mid-Cap ETF is an exchange-traded fund. Vanguard Mid-Cap Index Fund seeks to track the performance of the MSCI US Mid Cap 450 Index representing medium-size United States firms. The portfolio holds all stocks in the same capitalization weighting as the index. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.