Fulton Bank N.A. Increases Stake in Vanguard Mid-Cap Value ETF

Fulton Bank N.A. has made a notable increase in its investment in the Vanguard Mid-Cap Value ETF (NYSEARCA:VOE – Free Report) during the fourth quarter. According to the latest 13F filing with the Securities and Exchange Commission, Fulton Bank N.A. raised its position by 8.4%. This increase comes after the bank acquired an additional 202 shares, bringing its total ownership in the fund to 2,602 shares. The value of these holdings was approximately $421,000 at the end of the reported quarter.

Several other institutional investors and hedge funds have also adjusted their stakes in the Vanguard Mid-Cap Value ETF recently. For instance, Planning Capital Management Corp established a new position in the ETF during the third quarter, investing around $29,000. ORG Partners LLC followed suit, purchasing a new stake valued at about $35,000 during the same period.

Meanwhile, Abound Wealth Management significantly increased its holdings in the fund by 72.9% in the second quarter, now owning 230 shares worth $35,000 after acquiring an additional 97 shares. SouthState Corp also initiated a new investment during the third quarter, contributing approximately $42,000 in funds. Along similar lines, Northwest Investment Counselors LLC made a new acquisition in the ETF roughly valued at $44,000.

Current Performance of Vanguard Mid-Cap Value ETF

As of the latest trading session, shares of the Vanguard Mid-Cap Value ETF were priced at $159.16. The fund has displayed a fifty-day simple moving average of $168.17, alongside a two-hundred day simple moving average of $163.32. Over the past year, the stock has reached a low of $140.12 and a high of $176.83. Currently, the ETF boasts a market capitalization of $16.94 billion, a price-to-earnings ratio of 15.05, and a beta value of 0.83, indicating a relatively stable performance compared to the broader market.

Understanding the Vanguard Mid-Cap Value ETF

The Vanguard Mid-Cap Value Index Fund is classified as an open-end investment company, functioning as a mutual fund. This fund offers two classes of shares: Investor Shares and ETF Shares. Investor Shares are available to investors who meet specific minimum purchase requirements, while ETF Shares can be traded through brokerage firms.

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