Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) Sees Strong Trading Volume – Here’s Why

Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) shares saw unusually-strong trading volume on Monday . Approximately 124,043 shares traded hands during trading, an increase of 70% from the previous session’s volume of 72,850 shares.The stock last traded at $102.19 and had previously closed at $99.84.

Vanguard S&P Mid-Cap 400 ETF Stock Performance

The company has a market cap of $2.41 billion, a P/E ratio of 17.72 and a beta of 1.14. The business has a fifty day simple moving average of $105.67 and a 200 day simple moving average of $106.90.

Vanguard S&P Mid-Cap 400 ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.3464 per share. The ex-dividend date is Tuesday, March 25th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Trifecta Capital Advisors LLC bought a new position in Vanguard S&P Mid-Cap 400 ETF in the fourth quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in shares of Vanguard S&P Mid-Cap 400 ETF during the 4th quarter worth approximately $31,000. VSM Wealth Advisory LLC bought a new stake in shares of Vanguard S&P Mid-Cap 400 ETF in the 4th quarter worth approximately $39,000. RE Dickinson Investment Advisors LLC acquired a new position in Vanguard S&P Mid-Cap 400 ETF during the 4th quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp grew its stake in Vanguard S&P Mid-Cap 400 ETF by 58.3% during the 4th quarter. Jones Financial Companies Lllp now owns 475 shares of the company’s stock worth $50,000 after buying an additional 175 shares during the last quarter.

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.