ProVise Management Group LLC Reduces Stake in Vanguard Mid-Cap ETF $VO

ProVise Management Group LLC cut its stake in Vanguard Mid-Cap ETF (NYSEARCA:VO) by 0.3% in the second quarter, Holdings Channel reports. The fund owned 98,629 shares of the company’s stock after selling 322 shares during the period. Vanguard Mid-Cap ETF accounts for about 2.2% of ProVise Management Group LLC’s portfolio, making the stock its 13th largest holding. ProVise Management Group LLC’s holdings in Vanguard Mid-Cap ETF were worth $27,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Vanguard Mid-Cap ETF by 5.2% during the first quarter. Jones Financial Companies Lllp now owns 18,352,893 shares of the company’s stock worth $4,719,309,000 after purchasing an additional 912,514 shares during the period. Creative Planning increased its holdings in shares of Vanguard Mid-Cap ETF by 2.4% during the 2nd quarter. Creative Planning now owns 8,406,520 shares of the company’s stock worth $2,352,397,000 after buying an additional 194,518 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Mid-Cap ETF by 7.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,251,149 shares of the company’s stock valued at $1,616,672,000 after buying an additional 458,676 shares during the period. Raymond James Financial Inc. lifted its holdings in Vanguard Mid-Cap ETF by 2.1% in the first quarter. Raymond James Financial Inc. now owns 6,186,061 shares of the company’s stock valued at $1,599,839,000 after acquiring an additional 124,452 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Vanguard Mid-Cap ETF by 2,677.1% in the second quarter. US Bancorp DE now owns 4,241,845 shares of the company’s stock valued at $1,186,997,000 after acquiring an additional 4,089,100 shares during the last quarter.

Vanguard Mid-Cap ETF Stock Down 0.1%

VO stock opened at $286.93 on Friday. Vanguard Mid-Cap ETF has a 52-week low of $223.65 and a 52-week high of $296.87. The stock has a market cap of $87.81 billion, a price-to-earnings ratio of 21.50 and a beta of 1.04. The business has a fifty day moving average of $291.42 and a two-hundred day moving average of $282.74.

About Vanguard Mid-Cap ETF

Vanguard Mid-Cap ETF is an exchange-traded fund. Vanguard Mid-Cap Index Fund seeks to track the performance of the MSCI US Mid Cap 450 Index representing medium-size United States firms. The portfolio holds all stocks in the same capitalization weighting as the index. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.