Drive Wealth Management LLC Sells 3,072 Shares of Vanguard Mid-Cap ETF $VO

Drive Wealth Management LLC lessened its stake in Vanguard Mid-Cap ETF (NYSEARCA:VO) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 39,334 shares of the company’s stock after selling 3,072 shares during the period. Vanguard Mid-Cap ETF accounts for about 2.5% of Drive Wealth Management LLC’s holdings, making the stock its 8th biggest position. Drive Wealth Management LLC’s holdings in Vanguard Mid-Cap ETF were worth $11,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning raised its holdings in Vanguard Mid-Cap ETF by 2.4% in the second quarter. Creative Planning now owns 8,406,520 shares of the company’s stock worth $2,352,397,000 after purchasing an additional 194,518 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Mid-Cap ETF by 7.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,733,309 shares of the company’s stock worth $1,884,182,000 after acquiring an additional 482,160 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Vanguard Mid-Cap ETF by 6.2% in the second quarter. Raymond James Financial Inc. now owns 6,568,668 shares of the company’s stock valued at $1,838,110,000 after acquiring an additional 382,607 shares during the last quarter. US Bancorp DE increased its position in Vanguard Mid-Cap ETF by 2,677.1% during the second quarter. US Bancorp DE now owns 4,241,845 shares of the company’s stock worth $1,186,997,000 after buying an additional 4,089,100 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Vanguard Mid-Cap ETF by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,473,570 shares of the company’s stock valued at $971,848,000 after purchasing an additional 85,010 shares during the last quarter.

Vanguard Mid-Cap ETF Price Performance

VO opened at $298.63 on Friday. Vanguard Mid-Cap ETF has a 1 year low of $223.65 and a 1 year high of $302.54. The business has a fifty day simple moving average of $293.08 and a 200 day simple moving average of $290.38. The company has a market capitalization of $93.84 billion, a PE ratio of 21.50 and a beta of 1.04.

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.