Ritholtz Wealth Management Reduces Stake in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Ritholtz Wealth Management has decreased its investment in the Vanguard Mid-Cap ETF (NYSEARCA:VO) by 2.6% during the fourth quarter, as reported by Holdings Channel. After selling 146 shares during this period, the firm now holds 5,499 shares of the ETF, which are valued at approximately $1,452,000 at the end of the latest reporting cycle.

In addition to Ritholtz Wealth Management, several other hedge funds and institutional investors have made changes to their positions in Vanguard Mid-Cap ETF. For instance, McGuire Investment Group LLC increased its ownership by 2.1% in the third quarter and now holds 1,817 shares valued at $479,000 after acquiring an extra 38 shares. Likewise, Diversify Advisory Services LLC and Missouri Trust & Investment Co. also raised their stakes by 1.5% and 0.4%, respectively, with changes reflecting similar minor increases in share counts. First National Bank of Omaha added to its holdings by 0.3%, while Eastern Bank increased its stake by 4.5% during the fourth quarter.

Current Performance of Vanguard Mid-Cap ETF

As of the latest trading session, the Vanguard Mid-Cap ETF opened at $273.82, exhibiting a slight increase of 0.5%. With a market capitalization of approximately $70.80 billion and a PE ratio of 19.64, the ETF operates with a beta of 0.98. Looking at its performance over the past year, the ETF recorded a low of $225.05 and reached a high of $285.60. The fifty-day moving average stands at $273.52, while the 200-day average is $262.05.

Insights on Vanguard Mid-Cap ETF

The Vanguard Mid-Cap ETF is designed to provide investors with exposure to medium-sized companies in the United States by tracking the performance of the MSCI US Mid Cap 450 Index. The ETF aims to hold all the stocks in the index, maintaining similar capitalization weighting throughout its portfolio. Managed by The Vanguard Group, Inc., the fund's objective is to replicate the index’s performance as closely as possible.

Conclusion

Changes in investment positions such as those made by Ritholtz Wealth Management and other institutions reflect ongoing trends in the market as investors adjust their strategies in response to various economic indicators. It remains essential for investors to monitor such movements to better understand market dynamics.

Vanguard, Management, ETF