Gainline Financial Partners LLC Invests $1.66 Million in Vanguard Mid-Cap ETF $VO

Gainline Financial Partners LLC purchased a new position in Vanguard Mid-Cap ETF (NYSEARCA:VO) during the 2nd quarter, Holdings Channel reports. The fund purchased 20,620 shares of the company’s stock, valued at approximately $1,661,000. Vanguard Mid-Cap ETF makes up 1.6% of Gainline Financial Partners LLC’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arbor Wealth Management LLC AZ purchased a new position in shares of Vanguard Mid-Cap ETF during the second quarter worth approximately $9,283,000. Succession Financial Inc. bought a new stake in shares of Vanguard Mid-Cap ETF during the second quarter valued at approximately $237,000. Tenet Wealth Partners LLC purchased a new stake in shares of Vanguard Mid-Cap ETF in the second quarter valued at approximately $909,000. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in shares of Vanguard Mid-Cap ETF in the second quarter valued at approximately $1,695,000. Finally, Markowski Investments purchased a new stake in shares of Vanguard Mid-Cap ETF in the second quarter valued at approximately $79,000.

Vanguard Mid-Cap ETF Stock Down 0.2%

Shares of NYSEARCA:VO opened at $82.28 on Friday. The business’s 50 day moving average is $81.71 and its 200 day moving average is $78.14. The stock has a market cap of $108.19 billion, a P/E ratio of 21.50 and a beta of 0.99. Vanguard Mid-Cap ETF has a 52-week low of $69.44 and a 52-week high of $84.59.

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.