New Hampshire Trust has enhanced its investment in the Vanguard Mid-Cap ETF (NYSEARCA: VO) by acquiring an additional 6,209 shares, marking a 3.6% increase during the third quarter of 2023. This information stems from the company’s latest 13F filing with the Securities and Exchange Commission. As a result, New Hampshire Trust now holds a total of 180,332 shares, making the Vanguard Mid-Cap ETF its largest position, comprising approximately 10.2% of its overall investment portfolio.
At the conclusion of this quarter, New Hampshire Trust’s holdings in the Vanguard Mid-Cap ETF were valued at approximately $52,971,000, equating to about 0.06% of the ETF’s total shares. The Vanguard Mid-Cap ETF has shown significant resilience, with a twelve-month low of $223.65 and a high of $298.64.
Other Institutional Investors Adjust Their Holdings
Several other institutional investors have also made changes to their positions in the Vanguard Mid-Cap ETF. For instance, Naviter Wealth LLC raised its stake by 2.9% during the second quarter, acquiring 36 additional shares to reach a total of 1,286 shares valued at $361,000. Similarly, J2 Capital Management Inc increased its holdings by 1.5%, owning 2,556 shares worth $715,000 after purchasing an additional 37 shares.
Lathrop Investment Management Co. grew its position by 3.7%, holding 1,030 shares valued at $288,000 following a similar buy of 37 shares. Hantz Financial Services Inc. also boosted its investments in the ETF by 6.7%, now owning 586 shares worth $164,000. Lastly, Comprehensive Financial Planning Inc. PA raised its position by 1.2%, totaling 3,050 shares valued at $853,000 after acquiring an additional 37 shares in the last quarter.
Performance and Investment Strategy of Vanguard Mid-Cap ETF
As of the last trading session, the Vanguard Mid-Cap ETF opened at $294.51. The ETF, which has a market capitalization of approximately $90.13 billion, features a price-to-earnings (P/E) ratio of 21.50 and a beta of 1.04. The fund’s 50-day simple moving average stands at $290.62, while the 200-day simple moving average is at $287.56.
The Vanguard Mid-Cap ETF aims to replicate the performance of the MSCI US Mid Cap 450 Index, which represents medium-sized companies in the United States. The portfolio of this exchange-traded fund holds stocks in the same capitalization weighting as the index, providing investors with exposure to a diverse range of mid-cap stocks. The Vanguard Group, Inc., through its Quantitative Equity Group, acts as the investment advisor for the fund.
This recent activity underscores the growing interest from institutional investors in the Vanguard Mid-Cap ETF, reflecting confidence in its performance as part of a diversified investment strategy.
