Summit Financial LLC Grows Stake in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Summit Financial LLC grew its position in Vanguard Mid-Cap ETF (NYSEARCA:VO) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,524 shares of the company’s stock after buying an additional 4,922 shares during the quarter. Vanguard Mid-Cap ETF accounts for 0.6% of Summit Financial LLC’s holdings, making the stock its 28th largest holding. Summit Financial LLC’s holdings in Vanguard Mid-Cap ETF were worth $16,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wagner Wealth Management LLC purchased a new position in Vanguard Mid-Cap ETF during the 4th quarter valued at about $26,000. Mainstream Capital Management LLC purchased a new stake in shares of Vanguard Mid-Cap ETF in the 4th quarter worth approximately $33,000. AlphaMark Advisors LLC purchased a new position in Vanguard Mid-Cap ETF during the fourth quarter valued at approximately $34,000. Raleigh Capital Management Inc. increased its holdings in Vanguard Mid-Cap ETF by 907.1% during the fourth quarter. Raleigh Capital Management Inc. now owns 141 shares of the company’s stock valued at $37,000 after buying an additional 127 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in Vanguard Mid-Cap ETF in the fourth quarter worth approximately $38,000.

Vanguard Mid-Cap ETF Trading Down 1.5 %

Shares of NYSEARCA VO opened at $257.12 on Monday. Vanguard Mid-Cap ETF has a 12-month low of $234.18 and a 12-month high of $285.60. The stock’s fifty day simple moving average is $269.14 and its two-hundred day simple moving average is $269.36. The stock has a market capitalization of $255.06 billion, a PE ratio of 21.62 and a beta of 1.11.

Vanguard Mid-Cap ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $1.1671 per share. The ex-dividend date is Thursday, March 27th. This is an increase from Vanguard Mid-Cap ETF’s previous dividend of $0.93.

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.