Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) Sets New 12-Month High – Should You Buy?

Shares of Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) reached a new 52-week high on Friday . The company traded as high as $122.74 and last traded at $121.9340, with a volume of 22821 shares traded. The stock had previously closed at $121.35.

Vanguard S&P Mid-Cap 400 ETF Trading Up 0.5%

The firm’s fifty day simple moving average is $116.83 and its 200 day simple moving average is $112.35. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 18.32 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IVOO. American Trust acquired a new position in Vanguard S&P Mid-Cap 400 ETF in the 2nd quarter valued at about $464,000. Envestnet Asset Management Inc. raised its stake in shares of Vanguard S&P Mid-Cap 400 ETF by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 256,737 shares of the company’s stock worth $26,952,000 after purchasing an additional 4,690 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Vanguard S&P Mid-Cap 400 ETF during the second quarter worth $203,000. King Luther Capital Management Corp purchased a new position in Vanguard S&P Mid-Cap 400 ETF in the 2nd quarter valued at $207,000. Finally, Huntington National Bank grew its position in Vanguard S&P Mid-Cap 400 ETF by 13.4% in the 2nd quarter. Huntington National Bank now owns 13,900 shares of the company’s stock valued at $1,459,000 after buying an additional 1,638 shares during the last quarter.

Vanguard S&P Mid-Cap 400 ETF Company Profile

The Vanguard S&P Mid-Cap 400 ETF (IVOO) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies. IVOO was launched on Sep 9, 2010 and is managed by Vanguard.