Raymond James Financial Inc. Purchases New Stake in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Raymond James Financial Inc. purchased a new stake in shares of Vanguard Mid-Cap ETF (NYSEARCA:VO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,061,609 shares of the company’s stock, valued at approximately $1,601,053,000. Vanguard Mid-Cap ETF comprises 0.6% of Raymond James Financial Inc.’s holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC purchased a new position in Vanguard Mid-Cap ETF during the 4th quarter valued at $26,000. Mainstream Capital Management LLC purchased a new position in Vanguard Mid-Cap ETF during the 4th quarter valued at $33,000. AlphaMark Advisors LLC purchased a new position in Vanguard Mid-Cap ETF during the 4th quarter valued at $34,000. Pin Oak Investment Advisors Inc. purchased a new position in Vanguard Mid-Cap ETF during the 3rd quarter valued at $35,000. Finally, Raleigh Capital Management Inc. increased its position in Vanguard Mid-Cap ETF by 907.1% during the 4th quarter. Raleigh Capital Management Inc. now owns 141 shares of the company’s stock valued at $37,000 after purchasing an additional 127 shares during the period.

Vanguard Mid-Cap ETF Trading Up 1.1 %

Shares of Vanguard Mid-Cap ETF stock opened at $265.78 on Thursday. The company’s fifty day simple moving average is $271.50 and its two-hundred day simple moving average is $268.58. The company has a market cap of $225.72 billion, a P/E ratio of 22.74 and a beta of 1.10. Vanguard Mid-Cap ETF has a 12-month low of $234.18 and a 12-month high of $285.60.

Vanguard Mid-Cap ETF Profile

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.