Vanguard Mid-Cap ETF (NYSEARCA:VO) Sees Large Volume Increase – Here’s Why

Shares of Vanguard Mid-Cap ETF (NYSEARCA:VO) saw unusually-strong trading volume on Friday. Approximately 8,646,476 shares were traded during trading, an increase of 192% from the previous session’s volume of 2,964,700 shares. The stock last traded at $80.9990 and had previously closed at $81.27.

Vanguard Mid-Cap ETF Stock Down 0.4%

The firm has a market capitalization of $106.66 billion, a PE ratio of 21.50 and a beta of 1.00. The stock has a 50-day simple moving average of $81.14 and a 200-day simple moving average of $79.74.

Institutional Investors Weigh In On Vanguard Mid-Cap ETF

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Vanguard Mid-Cap ETF by 320.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,776,718 shares of the company’s stock worth $1,995,989,000 after purchasing an additional 18,882,295 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Vanguard Mid-Cap ETF by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,358,867 shares of the company’s stock valued at $677,420,000 after buying an additional 54,228 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Vanguard Mid-Cap ETF by 3.0% during the 1st quarter. Royal Bank of Canada now owns 1,682,612 shares of the company’s stock valued at $483,213,000 after buying an additional 48,862 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Vanguard Mid-Cap ETF by 318.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,616,123 shares of the company’s stock worth $464,118,000 after buying an additional 1,229,641 shares during the period. Finally, Allworth Financial LP boosted its holdings in Vanguard Mid-Cap ETF by 236.1% in the 2nd quarter. Allworth Financial LP now owns 5,151,020 shares of the company’s stock worth $415,018,000 after buying an additional 3,618,496 shares during the period.

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.