Vicus Capital Expands Investment in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Vicus Capital has increased its stake in the Vanguard Mid-Cap ETF (NYSEARCA:VO) by 12.5% during the third quarter of the year. This information was disclosed in the latest Form 13F filing submitted to the Securities and Exchange Commission. By the conclusion of the reporting period, Vicus Capital held a total of 1,124 shares, having acquired 125 additional shares within the quarter. The total value of Vicus Capital’s holdings in the Vanguard Mid-Cap ETF was approximately $297,000 at the end of the most recent reporting timeframe.

Alongside Vicus Capital, several institutional investors and hedge funds have also modified their positions in Vanguard Mid-Cap ETF (VO). For instance, Northwestern Mutual Wealth Management Co. raised its ownership by 1.8% during the second quarter, bringing its total to 5,298,281 shares, valued at around $1.28 billion after obtaining an additional 94,950 shares. Similarly, Raymond James & Associates increased its stake by 1.6%, now owning 3,874,342 shares valued at roughly $938 million after acquiring 60,213 extra shares.

Envestnet Asset Management Inc. also expanded its holdings by 1.1%, with a total of 2,814,769 shares worth about $681 million following the purchase of 30,019 more shares. Raymond James Financial Services Advisors Inc. increased their stake significantly by 10.8%, now possessing 2,274,175 shares valued at $550 million after buying an additional 221,767 shares during the quarter. Natixis Advisors LLC experienced the most substantial growth at 19.7%, owning 1,760,991 shares worth approximately $426 million after adding 290,003 shares.

Vanguard Mid-Cap ETF Performance Metrics

As of Wednesday, shares of the Vanguard Mid-Cap ETF opened at $266.77. The ETF boasts a market capitalization of $68.98 billion, a price-to-earnings (PE) ratio of 19.64, and a beta of 0.98. Over the past year, the ETF has seen a low of $194.79 and a high of $270.79. Additionally, its fifty-day moving average stands at $259.24, while the 200-day moving average is $249.28.

Overview of Vanguard Mid-Cap ETF

The Vanguard Mid-Cap ETF is an exchange-traded fund that aims to track the performance of the MSCI US Mid Cap 450 Index, which consists of medium-sized companies across the United States. The ETF holds stocks in proportions that align with their market capitalization within the index. The investment advisory role for the fund is fulfilled by The Vanguard Group, Inc., through its Quantitative Equity Group.

investment, ETF, finance