Cornerstone Financial Management LLC Makes New Investment in Vanguard S&P Mid-Cap 400 Value ETF $IVOV

Cornerstone Financial Management LLC bought a new position in Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,905 shares of the company’s stock, valued at approximately $1,506,000. Vanguard S&P Mid-Cap 400 Value ETF comprises about 1.4% of Cornerstone Financial Management LLC’s portfolio, making the stock its 19th largest position. Cornerstone Financial Management LLC owned 0.13% of Vanguard S&P Mid-Cap 400 Value ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new position in shares of Vanguard S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $34,000. Sound Income Strategies LLC bought a new position in shares of Vanguard S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $37,000. Assetmark Inc. grew its position in shares of Vanguard S&P Mid-Cap 400 Value ETF by 65.6% during the 4th quarter. Assetmark Inc. now owns 346 shares of the company’s stock worth $35,000 after buying an additional 137 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Vanguard S&P Mid-Cap 400 Value ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 448 shares of the company’s stock worth $43,000 after buying an additional 224 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Vanguard S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $112,000.

Vanguard S&P Mid-Cap 400 Value ETF Price Performance

Shares of NYSEARCA:IVOV opened at $113.09 on Friday. Vanguard S&P Mid-Cap 400 Value ETF has a one year low of $92.46 and a one year high of $113.33. The company has a 50 day moving average of $108.22 and a 200-day moving average of $105.75. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 15.67 and a beta of 0.98.

Vanguard S&P Mid-Cap 400 Value ETF Profile

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Value index. The fund tracks an index of value-style securities from the Committee-selected S&P mid-cap 400. IVOV was launched on Sep 9, 2010 and is managed by Vanguard.