Vanguard Mid-Cap ETF (NYSEARCA:VO) Reaches New 12-Month High – Should You Buy?

Vanguard Mid-Cap ETF (NYSEARCA:VO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $81.84 and last traded at $81.78, with a volume of 3074726 shares. The stock had previously closed at $80.95.

Vanguard Mid-Cap ETF Trading Down 0.4%

The firm has a market cap of $108.55 billion, a price-to-earnings ratio of 21.50 and a beta of 0.99. The stock has a 50-day moving average of $80.28 and a 200-day moving average of $76.92.

Hedge Funds Weigh In On Vanguard Mid-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Vanguard Mid-Cap ETF by 127.4% in the 4th quarter. Brighton Jones LLC now owns 26,032 shares of the company’s stock worth $6,876,000 after acquiring an additional 14,584 shares during the period. Revolve Wealth Partners LLC boosted its stake in Vanguard Mid-Cap ETF by 0.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,018 shares of the company’s stock valued at $2,910,000 after purchasing an additional 59 shares during the period. AQR Capital Management LLC boosted its stake in Vanguard Mid-Cap ETF by 52.3% during the 1st quarter. AQR Capital Management LLC now owns 7,758 shares of the company’s stock valued at $2,006,000 after purchasing an additional 2,665 shares during the period. Empowered Funds LLC grew its position in Vanguard Mid-Cap ETF by 7.1% in the 1st quarter. Empowered Funds LLC now owns 4,396 shares of the company’s stock worth $1,137,000 after purchasing an additional 292 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Vanguard Mid-Cap ETF by 12.9% in the 2nd quarter. First Trust Advisors LP now owns 4,559 shares of the company’s stock worth $1,276,000 after purchasing an additional 522 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.