Truist Financial Corp Increases Stake in Vanguard S&P Mid-Cap 400 Value ETF

Truist Financial Corp has recently announced an increase in its investment position in the Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV). According to the latest report filed with the Securities and Exchange Commission (SEC), the firm raised its stake by 0.6% during the second quarter of the year. After acquiring an additional 145 shares, Truist now owns a total of 24,529 shares of the ETF.

The total value of Truist's holdings in the Vanguard S&P Mid-Cap 400 Value ETF is approximately $2,148,000, marking this firm as holding about 0.25% of the ETF's total shares.

Several other large investors have also made adjustments to their investments in the Vanguard S&P Mid-Cap 400 Value ETF. For instance, Mather Group LLC established a new position in the ETF during the first quarter with an investment of about $25,000. Similarly, Bruce G. Allen Investments LLC purchased shares valued at around $63,000, while Salomon & Ludwin LLC added approximately $104,000 to their holdings during the same period.

PNC Financial Services Group Inc. reported a 10.5% increase in its stake during the fourth quarter, bringing its total to 2,356 shares valued at about $205,000 after acquiring an additional 223 shares. Furthermore, Virtu Financial LLC also entered the scene with a new position worth approximately $219,000 during the first quarter.

Performance of Vanguard S&P Mid-Cap 400 Value ETF

On a recent trading day, shares of the Vanguard S&P Mid-Cap 400 Value ETF opened at $94.97. The ETF has experienced a 52-week low of $71.72 and a high of $96.47 during this period. Currently, the ETF's fifty-day simple moving average is $92.78, and its two-hundred-day moving average is $89.93. The ETF holds a market capitalization of approximately $927.86 million, with a price-to-earnings ratio of 6.72 and a beta of 1.07, indicating its volatility in comparison to the broader market.

Understanding Vanguard S&P Mid-Cap 400 Value ETF

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is an exchange-traded fund designed to track the performance of the S&P Mid Cap 400 Value index. This index comprises a selection of value-style stocks picked from the S&P Mid Cap 400. Launched on September 9, 2010, the ETF is managed by Vanguard, an organization known for its focus on low-cost investment solutions.

Investing in ETFs like the Vanguard S&P Mid-Cap 400 Value ETF allows investors to gain exposure to a diversified portfolio of mid-cap value stocks, which can be an attractive option for those seeking growth at a reasonable price.

Additional Information

The investment landscape for the Vanguard S&P Mid-Cap 400 Value ETF remains dynamic, with various hedge funds and institutional investors frequently adjusting their portfolios. For those interested in keeping up with the latest developments, there are resources available that track 13F filings and insider trades related to this ETF.

Investors looking for insights and news on the Vanguard S&P Mid-Cap 400 Value ETF and its market can subscribe to daily newsletters that summarize the latest ratings and analyst updates.

Truist, Investment, ETF