JNBA Financial Advisors Decreases Stake in Vanguard Mid-Cap ETF (NYSEARCA:VO)

JNBA Financial Advisors cut its stake in Vanguard Mid-Cap ETF (NYSEARCA:VO) by 8.8% in the third quarter, Holdings Channel.com reports. The firm owned 27,410 shares of the company’s stock after selling 2,658 shares during the quarter. Vanguard Mid-Cap ETF makes up approximately 0.7% of JNBA Financial Advisors’ investment portfolio, making the stock its 28th biggest position. JNBA Financial Advisors’ holdings in Vanguard Mid-Cap ETF were worth $7,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fairfield Financial Advisors LTD acquired a new position in Vanguard Mid-Cap ETF in the second quarter valued at about $26,000. ESL Trust Services LLC purchased a new stake in shares of Vanguard Mid-Cap ETF in the 1st quarter valued at approximately $32,000. Redmont Wealth Advisors LLC increased its stake in Vanguard Mid-Cap ETF by 147.8% in the third quarter. Redmont Wealth Advisors LLC now owns 166 shares of the company’s stock valued at $44,000 after purchasing an additional 99 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in Vanguard Mid-Cap ETF during the 1st quarter valued at approximately $44,000. Finally, LRI Investments LLC acquired a new position in Vanguard Mid-Cap ETF in the 1st quarter valued at $45,000.

Vanguard Mid-Cap ETF Stock Performance

NYSEARCA:VO traded up $5.09 during mid-day trading on Wednesday, reaching $271.78. The stock had a trading volume of 351,769 shares, compared to its average volume of 563,188. The business has a 50 day simple moving average of $261.65 and a 200 day simple moving average of $251.04. The firm has a market capitalization of $70.28 billion, a price-to-earnings ratio of 19.64 and a beta of 0.98. Vanguard Mid-Cap ETF has a twelve month low of $204.14 and a twelve month high of $273.94.

Vanguard Mid-Cap ETF Profile

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.