Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) Sees Large Volume Increase – Should You Buy?

Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) shares saw an uptick in trading volume on Monday . 304,404 shares traded hands during trading, an increase of 249% from the previous session’s volume of 87,342 shares.The stock last traded at $93.21 and had previously closed at $92.10.

Vanguard S&P Mid-Cap 400 ETF Trading Up 1.6 %

The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 18.27 and a beta of 1.14. The company has a 50 day simple moving average of $101.07 and a 200-day simple moving average of $105.91.

Vanguard S&P Mid-Cap 400 ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a dividend of $0.3464 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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

Several hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in Vanguard S&P Mid-Cap 400 ETF by 102.6% during the fourth quarter. Farther Finance Advisors LLC now owns 618 shares of the company’s stock valued at $65,000 after purchasing an additional 313 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Vanguard S&P Mid-Cap 400 ETF in the 3rd quarter valued at $993,000. Stratos Wealth Partners LTD. raised its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 136.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,679 shares of the company’s stock worth $494,000 after buying an additional 2,702 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vanguard S&P Mid-Cap 400 ETF by 57.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 139,737 shares of the company’s stock worth $14,760,000 after buying an additional 51,039 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Vanguard S&P Mid-Cap 400 ETF by 30.4% in the fourth quarter. US Bancorp DE now owns 5,059 shares of the company’s stock valued at $534,000 after buying an additional 1,179 shares in the last quarter.

Vanguard S&P Mid-Cap 400 ETF Company Profile

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.