Vanguard Mid-Cap ETF (NYSEARCA:VO) Hits New 52-Week High – Still a Buy?

Vanguard Mid-Cap ETF (NYSEARCA:VO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $279.73 and last traded at $279.61, with a volume of 435968 shares trading hands. The stock had previously closed at $275.51.

Vanguard Mid-Cap ETF Price Performance

The business has a fifty day moving average price of $266.35 and a two-hundred day moving average price of $253.71. The firm has a market capitalization of $72.22 billion, a price-to-earnings ratio of 19.64 and a beta of 0.98.

Hedge Funds Weigh In On Vanguard Mid-Cap ETF

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Mid-Cap ETF by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,298,281 shares of the company’s stock worth $1,282,736,000 after acquiring an additional 94,950 shares during the last quarter. Raymond James & Associates boosted its position in shares of Vanguard Mid-Cap ETF by 1.6% during the second quarter. Raymond James & Associates now owns 3,874,342 shares of the company’s stock worth $937,978,000 after buying an additional 60,213 shares during the period. LPL Financial LLC grew its stake in Vanguard Mid-Cap ETF by 2.5% during the 3rd quarter. LPL Financial LLC now owns 2,888,967 shares of the company’s stock worth $762,196,000 after purchasing an additional 70,333 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Vanguard Mid-Cap ETF by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,814,769 shares of the company’s stock worth $681,456,000 after purchasing an additional 30,019 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Vanguard Mid-Cap ETF by 10.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,274,175 shares of the company’s stock worth $550,578,000 after acquiring an additional 221,767 shares in the last quarter.

Vanguard Mid-Cap ETF Company Profile

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.