Ritholtz Wealth Management Reduces Holdings in Vanguard Mid-Cap ETF

Ritholtz Wealth Management has made a decision to decrease its holdings in the Vanguard Mid-Cap ETF (NYSEARCA:VO) by 2.6% during the fourth quarter of the previous year. According to reports from Holdings Channel, the firm currently possesses 5,499 shares of this ETF after selling 146 shares during that quarter. As of the end of the reporting period, the value of Ritholtz Wealth Management's holdings in the Vanguard Mid-Cap ETF amounted to approximately $1,452,000.

In addition to Ritholtz's moves, several other hedge funds and institutional investors have also adjusted their positions in the Vanguard Mid-Cap ETF recently. For example, McGuire Investment Group LLC increased its stake by 2.1% during the third quarter, bringing its total to 1,817 shares. This move was made after purchasing an additional 38 shares, which brings the current value of their shares to about $479,000.

Similarly, Diversify Advisory Services LLC raised its investment by 1.5% during the same quarter and now holds 2,545 shares worth approximately $679,000. Missouri Trust & Investment Co also slightly increased its stake by 0.4%, owning 9,742 shares valued at around $2,570,000 after acquiring another 38 shares. First National Bank of Omaha made a modest 0.3% increase, resulting in ownership of 12,810 shares valued at $3,380,000 post a purchase of 38 additional shares. Lastly, Eastern Bank's increase was more substantial at 4.5% in the fourth quarter, giving them a total of 898 shares valued at about $237,000 after acquiring 39 more shares.

Current Status of Vanguard Mid-Cap ETF

As of Friday, Vanguard Mid-Cap ETF shares opened at $273.82. The ETF boasts a market capitalization of $70.80 billion, a price-to-earnings (PE) ratio of 19.64, and a beta of 0.98, indicating its volatility compared to the overall market. Over the past 52 weeks, the ETF has reached a low of $225.05 and a high of $285.60. As for its performance trends, it has a 50-day simple moving average of $273.52 and a 200-day simple moving average of $262.05.

About Vanguard Mid-Cap ETF

The Vanguard Mid-Cap ETF is categorized as an exchange-traded fund that aims to replicate the performance of the MSCI US Mid Cap 450 Index, which consists of medium-sized companies in the United States. The fund maintains a portfolio that holds all stocks corresponding to the capitalization weighting of this index. The investment management of the fund is entrusted to the Vanguard Group, Inc., specifically through its Quantitative Equity Group, which acts as the investment advisor.

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