Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) Sees Unusually-High Trading Volume – Still a Buy?

Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) saw unusually-strong trading volume on Thursday . Approximately 49,090 shares were traded during trading, a decline of 18% from the previous session’s volume of 59,544 shares.The stock last traded at $106.64 and had previously closed at $105.59.

Vanguard S&P Mid-Cap 400 ETF Price Performance

The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 7.55 and a beta of 1.11. The company’s fifty day moving average price is $109.70 and its 200-day moving average price is $104.51.

Institutional Investors Weigh In On Vanguard S&P Mid-Cap 400 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVOO. Crestwood Advisors Group LLC grew its holdings in Vanguard S&P Mid-Cap 400 ETF by 3.4% during the second quarter. Crestwood Advisors Group LLC now owns 3,003 shares of the company’s stock worth $298,000 after acquiring an additional 99 shares during the period. Source Financial Advisors LLC increased its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 1.7% during the 3rd quarter. Source Financial Advisors LLC now owns 9,392 shares of the company’s stock valued at $992,000 after purchasing an additional 154 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Vanguard S&P Mid-Cap 400 ETF by 6.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,879 shares of the company’s stock valued at $304,000 after purchasing an additional 167 shares during the period. Octavia Wealth Advisors LLC boosted its holdings in Vanguard S&P Mid-Cap 400 ETF by 1.0% during the third quarter. Octavia Wealth Advisors LLC now owns 17,628 shares of the company’s stock worth $1,868,000 after buying an additional 179 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in Vanguard S&P Mid-Cap 400 ETF by 2.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,457 shares of the company’s stock worth $788,000 after purchasing an additional 207 shares during the period.

About Vanguard S&P Mid-Cap 400 ETF

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.