Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) Hits New 1-Year High – Should You Buy?

Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $120.34 and last traded at $120.2490, with a volume of 13059 shares traded. The stock had previously closed at $117.78.

Vanguard S&P Mid-Cap 400 ETF Stock Performance

The stock’s 50 day moving average price is $115.13 and its 200 day moving average price is $111.42. The company has a market capitalization of $3.24 billion, a P/E ratio of 18.32 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its position in shares of Vanguard S&P Mid-Cap 400 ETF by 96.1% during the 2nd quarter. Assetmark Inc. now owns 253 shares of the company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Optima Capital LLC bought a new position in shares of Vanguard S&P Mid-Cap 400 ETF during the 4th quarter worth approximately $39,000. CWM LLC grew its position in shares of Vanguard S&P Mid-Cap 400 ETF by 77.7% during the 3rd quarter. CWM LLC now owns 359 shares of the company’s stock worth $40,000 after buying an additional 157 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Vanguard S&P Mid-Cap 400 ETF during the 4th quarter worth approximately $43,000. Finally, Financial Life Planners bought a new stake in shares of Vanguard S&P Mid-Cap 400 ETF in the 3rd quarter valued at $44,000.

About Vanguard S&P Mid-Cap 400 ETF

The Vanguard S&P Mid-Cap 400 ETF (IVOO) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies. IVOO was launched on Sep 9, 2010 and is managed by Vanguard.