Summit Financial Wealth Advisors LLC Makes New $7.98 Million Investment in Vanguard Mid-Cap ETF $VO

Summit Financial Wealth Advisors LLC bought a new position in Vanguard Mid-Cap ETF (NYSEARCA:VO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 101,811 shares of the company’s stock, valued at approximately $7,984,000. Vanguard Mid-Cap ETF accounts for 1.0% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other large investors have also recently added to or reduced their stakes in VO. Cache Advisors LLC bought a new stake in shares of Vanguard Mid-Cap ETF in the first quarter valued at about $46,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Vanguard Mid-Cap ETF by 3,100.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 160 shares of the company’s stock worth $46,000 after buying an additional 155 shares in the last quarter. Advisortrust Partners LLC bought a new position in shares of Vanguard Mid-Cap ETF during the first quarter worth about $74,000. Raleigh Capital Management Inc. raised its position in Vanguard Mid-Cap ETF by 280.8% in the 1st quarter. Raleigh Capital Management Inc. now owns 297 shares of the company’s stock valued at $85,000 after buying an additional 219 shares during the last quarter. Finally, Bollard Group LLC acquired a new stake in Vanguard Mid-Cap ETF in the 1st quarter valued at approximately $105,000.

Vanguard Mid-Cap ETF Stock Performance

NYSEARCA VO traded up $0.46 during trading on Thursday, hitting $80.53. The stock had a trading volume of 1,742,780 shares, compared to its average volume of 2,941,473. The company has a market capitalization of $106.15 billion, a PE ratio of 21.50 and a beta of 1.00. The company’s 50-day moving average price is $81.41 and its two-hundred day moving average price is $79.35. Vanguard Mid-Cap ETF has a 12 month low of $69.44 and a 12 month high of $84.59.

About Vanguard Mid-Cap ETF

Vanguard Mid-Cap ETF is an exchange-traded fund. Vanguard Mid-Cap Index Fund seeks to track the performance of the MSCI US Mid Cap 450 Index representing medium-size United States firms. The portfolio holds all stocks in the same capitalization weighting as the index. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.