Christopher J. Hasenberg Inc has significantly reduced its investment in the Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA: IVOV), selling off an impressive 96.8% of its holdings in the first quarter of the year. According to the latest disclosure to the Securities and Exchange Commission, the firm now owns just 1,433 shares after divesting 43,288 shares during this period. As of the most recent SEC filing, these holdings are valued at approximately $132,000.
Other institutional investors have also made notable changes to their positions in the Vanguard S&P Mid-Cap 400 Value ETF. Envestnet Asset Management Inc. increased its stake by 40.5% during the first quarter, bringing its total ownership to 17,840 shares valued at $1.642 million after acquiring an additional 5,145 shares. Similarly, Summit Financial Consulting LLC made a new investment worth about $287,000 in IVOV, while Private Trust Co. NA also entered the ETF market with a new stake valued at around $41,000.
Additionally, Sovran Advisors LLC grew its position in IVOV by 5.3%, now holding 4,875 shares worth approximately $416,000. Meanwhile, Wealthcare Advisory Partners LLC increased its holdings by 12.9%, acquiring 2,584 shares valued at about $238,000 after purchasing an extra 295 shares.
Current Performance of Vanguard S&P Mid-Cap 400 Value ETF
As of the latest trading session, shares of the Vanguard S&P Mid-Cap 400 Value ETF opened at $99.26. The ETF has experienced a 52-week low of $78.72 and a high of $105.65. The fund maintains a 50-day simple moving average of $93.74 and a 200-day simple moving average of $93.53. The total market capitalization of the fund is approximately $965.30 million, with a price-to-earnings ratio of 15.67 and a beta of 1.18.
Profile of the Vanguard S&P Mid-Cap 400 Value ETF
The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) operates as an exchange-traded fund that tracks the S&P Mid Cap 400 Value index. Launched on September 9, 2010, IVOV is designed to provide exposure to a selection of value-style securities from the mid-cap segment, as determined by the S&P Committee. The fund is managed by Vanguard, a well-known entity in the investment management industry.
As institutional investors continue to adjust their portfolios, the movements in and out of the Vanguard S&P Mid-Cap 400 Value ETF underline the dynamic nature of the market and the ongoing interest in mid-cap value investments.
