Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV) Reaches New 12-Month High – Still a Buy?

Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV) shares hit a new 52-week high on Monday . The stock traded as high as $114.41 and last traded at $114.41, with a volume of 4883 shares changing hands. The stock had previously closed at $113.09.

Vanguard S&P Mid-Cap 400 Value ETF Price Performance

The company has a market cap of $1.32 billion, a P/E ratio of 15.67 and a beta of 0.98. The company’s 50-day moving average is $108.63 and its two-hundred day moving average is $105.95.

Institutional Investors Weigh In On Vanguard S&P Mid-Cap 400 Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC boosted its holdings in Vanguard S&P Mid-Cap 400 Value ETF by 25.6% in the first quarter. Western Wealth Management LLC now owns 3,061 shares of the company’s stock worth $312,000 after purchasing an additional 624 shares during the last quarter. Genesis Financial Group LLC purchased a new stake in Vanguard S&P Mid-Cap 400 Value ETF in the first quarter worth approximately $208,000. Claris Financial LLC purchased a new stake in Vanguard S&P Mid-Cap 400 Value ETF in the first quarter worth approximately $204,000. Cetera Investment Advisers boosted its holdings in Vanguard S&P Mid-Cap 400 Value ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 15,786 shares of the company’s stock worth $1,609,000 after purchasing an additional 442 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Vanguard S&P Mid-Cap 400 Value ETF by 9.2% in the first quarter. D.A. Davidson & CO. now owns 8,349 shares of the company’s stock worth $851,000 after purchasing an additional 700 shares during the last quarter.

Vanguard S&P Mid-Cap 400 Value ETF Company Profile

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Value index. The fund tracks an index of value-style securities from the Committee-selected S&P mid-cap 400. IVOV was launched on Sep 9, 2010 and is managed by Vanguard.