Fulton Bank N.A. Expands Holdings in Vanguard Mid-Cap Value ETF

Fulton Bank N.A. has announced an increase in its investment in the Vanguard Mid-Cap Value ETF (NYSEARCA:VOE – Free Report) by 8.4% during the fourth quarter of the previous year. This information was revealed through the bank's latest 13F filing with the Securities and Exchange Commission. As a result of this acquisition, Fulton Bank now holds a total of 2,602 shares of the ETF, after purchasing an additional 202 shares during the quarter. At the end of the latest quarter, the value of Fulton Bank N.A.'s holdings in the Vanguard Mid-Cap Value ETF was approximately $421,000.

In addition to Fulton Bank’s activities, other institutional investors and hedge funds have also varied their stakes in the Vanguard Mid-Cap Value ETF. For instance, Planning Capital Management Corp has acquired a new position in the ETF valued at around $29,000 during the third quarter. Similarly, ORG Partners LLC invested approximately $35,000 in the same period. Abound Wealth Management notably increased its holdings by 72.9% during the second quarter, now owning 230 shares valued at $35,000 after adding 97 shares in the past quarter.

Moreover, SouthState Corp joined in by purchasing new shares valued at $42,000 in the third quarter, and Northwest Investment Counselors LLC also made a similar move, acquiring a new position valued at $44,000. These developments indicate a growing interest among institutional investors in Vanguard Mid-Cap Value ETF.

Current Stock Performance of Vanguard Mid-Cap Value ETF

As of the latest trading day, shares of Vanguard Mid-Cap Value ETF opened at $159.16. The stock has experienced fluctuations, with its fifty-day simple moving average standing at $168.17, and its two-hundred-day simple moving average at $163.32. Over the past year, the ETF has seen a low of $140.12 and a high of $176.83. The total market capitalization for Vanguard Mid-Cap Value ETF currently stands at $16.94 billion, with a price-to-earnings (P/E) ratio of 15.05 and a beta of 0.83, reflecting a moderately stable investment.

Understanding the Vanguard Mid-Cap Value ETF

The Vanguard Mid-Cap Value Index Fund operates as an open-end investment company, offering both Investor Shares and ETF Shares. The Investor Shares are accessible to all investors who meet the fund's minimum purchase requirements, whereas the ETF Shares are tradable through various brokers. This flexibility allows a wide range of investors to gain exposure to mid-cap value stocks.

Conclusion

The strategic increase in holdings by Fulton Bank N.A. alongside other institutional movements highlights a positive outlook on the Vanguard Mid-Cap Value ETF. Investors showing interest in this fund should keep an eye on market trends and consider the variations in it's stock performance.

Vanguard, Investment, ETF