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

Truist Financial Corp has raised its investment in the Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV) by 0.6% during the second quarter of the year. This information comes from the firm’s latest report submitted to the Securities & Exchange Commission (SEC). After adding 145 shares over the quarter, Truist now holds a total of 24,529 shares in the ETF. This position constitutes about 0.25% of the Vanguard S&P Mid-Cap 400 Value ETF, which is valued at approximately $2,148,000 as per the recent SEC filing.

In addition to Truist's investment, several other large investors have also modified their stakes in the Vanguard S&P Mid-Cap 400 Value ETF. For instance, Mather Group LLC established a new position valued at about $25,000 in the first quarter. Similarly, Bruce G. Allen Investments LLC acquired shares worth around $63,000 during the same period. Salomon & Ludwin LLC also joined the investor pool with an acquisition valued at about $104,000 in the first quarter.

PNC Financial Services Group Inc. expanded its holdings in the ETF by 10.5% in the fourth quarter. After buying an additional 223 shares, PNC now owns 2,356 shares valued at $205,000. Meanwhile, Virtu Financial LLC has also entered the investment arena with a new stake worth about $219,000 in the first quarter.

Current Market Performance of IVOV

As of the most recent trading day, the Vanguard S&P Mid-Cap 400 Value ETF is trading at $94.97, reflecting a slight decrease of 0.3%. The ETF has experienced a 52-week range with a low of $71.72 and a high of $96.47. In terms of moving averages, it has a fifty-day average of $92.78 and a two-hundred-day average of $89.93. The current market capitalization stands at $927.86 million, with a price-to-earnings ratio of 6.72 and a beta of 1.07.

About 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 S&P Mid Cap 400 Value index. This fund focuses on value-style securities selected from the S&P Mid-Cap 400 companies, catering to investors interested in middle-sized firms with a value investment strategy. Launched on September 9, 2010, the fund is managed by Vanguard, a leading investment management company.

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