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

Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) saw unusually-strong trading volume on Monday . Approximately 124,043 shares changed hands during mid-day trading, an increase of 70% from the previous session’s volume of 72,850 shares.The stock last traded at $102.19 and had previously closed at $99.84.

Vanguard S&P Mid-Cap 400 ETF Trading Up 2.4 %

The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 17.72 and a beta of 1.14. The business’s fifty day moving average price is $105.84 and its 200 day moving average price is $106.87.

Hedge Funds Weigh In On Vanguard S&P Mid-Cap 400 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IVOO. Farther Finance Advisors LLC increased its position in shares of Vanguard S&P Mid-Cap 400 ETF by 102.6% in the fourth quarter. Farther Finance Advisors LLC now owns 618 shares of the company’s stock valued at $65,000 after buying an additional 313 shares in the last quarter. Jane Street Group LLC acquired a new stake in Vanguard S&P Mid-Cap 400 ETF in the 3rd quarter valued at about $993,000. Stratos Wealth Partners LTD. increased its holdings in Vanguard S&P Mid-Cap 400 ETF by 136.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,679 shares of the company’s stock valued at $494,000 after acquiring an additional 2,702 shares in the last quarter. JPMorgan Chase & Co. raised its position in Vanguard S&P Mid-Cap 400 ETF by 57.5% during the third quarter. JPMorgan Chase & Co. now owns 139,737 shares of the company’s stock worth $14,760,000 after acquiring an additional 51,039 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 1.3% in the third quarter. Cerity Partners LLC now owns 55,357 shares of the company’s stock valued at $5,858,000 after purchasing an additional 694 shares in the last quarter.

Vanguard S&P Mid-Cap 400 ETF Company Profile

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.