Fulton Bank N.A. Acquires Additional Shares in Vanguard Mid-Cap Value ETF
Fulton Bank N.A. has expanded its investment in the Vanguard Mid-Cap Value ETF (NYSEARCA:VOE) by 8.4% during the fourth quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission. After purchasing an additional 202 shares, Fulton Bank now holds a total of 2,602 shares in this ETF. The total value of these holdings amounted to approximately $421,000 at the end of the quarter.
Other institutional investors have also adjusted their positions in Vanguard Mid-Cap Value ETF. For instance, Planning Capital Management Corp established a new position in the ETF during the third quarter, investing about $29,000. Similarly, ORG Partners LLC acquired shares worth approximately $35,000 in the same period. In addition, Abound Wealth Management saw a substantial increase in its holdings by 72.9% during the second quarter, acquiring a total of 230 shares valued at $35,000 after adding 97 shares during the last quarter. Furthermore, SouthState Corp and Northwest Investment Counselors LLC also made new investments in the ETF during the third quarter, worth $42,000 and $44,000, respectively.
Vanguard Mid-Cap Value ETF Performance
As of Friday, Vanguard Mid-Cap Value ETF shares opened at $159.16. The stock's fifty-day simple moving average stands at $168.17, while the two-hundred-day simple moving average is at $163.32. Over the past year, the ETF has experienced a low of $140.12 and a high of $176.83. Currently, its market capitalization is approximately $16.94 billion, with a P/E ratio of 15.05 and a beta of 0.83.
Understanding Vanguard Mid-Cap Value ETF
The Vanguard Mid-Cap Value Index Fund operates as an open-end investment company, commonly referred to as a mutual fund. This fund offers two distinct classes of shares: Investor Shares and ETF Shares. Investor Shares can be purchased by any investor meeting the fund’s minimum requirements, while ETF Shares are traded through a brokerage.
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