Truist Financial Corp Increases Investment in Vanguard S&P Mid-Cap 400 Value ETF

Truist Financial Corp has recently increased its stake in the Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV – Free Report) by 0.6% during the second quarter, as detailed in their latest filing with the Securities & Exchange Commission. Following this adjustment, the firm now holds a total of 24,529 shares after acquiring an additional 145 shares in the quarter. The latest report indicates that Truist Financial Corp owns approximately 0.25% of the Vanguard S&P Mid-Cap 400 Value ETF, valued at around $2,148,000.

In addition to Truist's investment, several other substantial investors have also made changes to their holdings in the ETF. Mather Group LLC established a new position in the Vanguard S&P Mid-Cap 400 Value ETF during the first quarter, investing about $25,000. Meanwhile, Bruce G. Allen Investments LLC and Salomon & Ludwin LLC have also made new investments in the same period, amounting to approximately $63,000 and $104,000, respectively. Furthermore, PNC Financial Services Group Inc. increased its stake in the ETF by 10.5% during the fourth quarter, now owning 2,356 shares valued at $205,000 after a purchase of an additional 223 shares. Virtu Financial LLC also joined the list of recent investors by acquiring a new stake in the ETF worth approximately $219,000.

Current Performance of Vanguard S&P Mid-Cap 400 Value ETF

As of the latest data, the Vanguard S&P Mid-Cap 400 Value ETF is trading at $94.97, which reflects a decrease of 0.3% on the previous day. The ETF has recorded a low of $71.72 and a high of $96.47 over the past year. Its current fifty-day moving average stands at $92.78, while the two-hundred day average is at $89.93. The ETF has a market capitalization of approximately $927.86 million, a price-to-earnings ratio of 6.72, and a beta of 1.07.

About Vanguard S&P Mid-Cap 400 Value ETF

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is an exchange-traded fund that aims to replicate the performance of the S&P Mid Cap 400 Value Index. This fund focuses on a selection of value-style stocks from the S&P mid-cap 400. Launched on September 9, 2010, the ETF is managed by Vanguard.

Investment, ETF, Finance