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

Shares of Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) hit a new 52-week high on Friday . The company traded as high as $113.07 and last traded at $112.96, with a volume of 40648 shares trading hands. The stock had previously closed at $111.38.

Vanguard S&P Mid-Cap 400 ETF Stock Performance

The company has a market cap of $2.22 billion, a PE ratio of 7.55 and a beta of 1.11. The company has a 50 day simple moving average of $106.84 and a two-hundred day simple moving average of $102.99.

Hedge Funds Weigh In On Vanguard S&P Mid-Cap 400 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in shares of Vanguard S&P Mid-Cap 400 ETF by 8.4% in the second quarter. Raymond James & Associates now owns 178,624 shares of the company’s stock valued at $17,703,000 after buying an additional 13,831 shares in the last quarter. US Bancorp DE raised its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 3.0% in the first quarter. US Bancorp DE now owns 3,882 shares of the company’s stock valued at $400,000 after purchasing an additional 113 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Vanguard S&P Mid-Cap 400 ETF by 17.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 89,152 shares of the company’s stock worth $8,836,000 after buying an additional 13,009 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard S&P Mid-Cap 400 ETF by 4.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 368,093 shares of the company’s stock worth $36,481,000 after buying an additional 15,439 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in Vanguard S&P Mid-Cap 400 ETF in the 2nd quarter valued at about $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.