Riverbend Wealth Management LLC Invests $1.43 Million in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Riverbend Wealth Management LLC purchased a new stake in shares of Vanguard Mid-Cap ETF (NYSEARCA:VO) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,356 shares of the company’s stock, valued at approximately $1,425,000. Vanguard Mid-Cap ETF comprises approximately 1.3% of Riverbend Wealth Management LLC’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new stake in Vanguard Mid-Cap ETF during the 4th quarter valued at $26,000. Mainstream Capital Management LLC bought a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter valued at $33,000. AlphaMark Advisors LLC purchased a new stake in shares of Vanguard Mid-Cap ETF during the fourth quarter valued at $34,000. Pin Oak Investment Advisors Inc. bought a new stake in Vanguard Mid-Cap ETF in the 3rd quarter worth about $35,000. Finally, Raleigh Capital Management Inc. increased its holdings in Vanguard Mid-Cap ETF by 907.1% in the 4th quarter. Raleigh Capital Management Inc. now owns 141 shares of the company’s stock worth $37,000 after buying an additional 127 shares in the last quarter.

Vanguard Mid-Cap ETF Stock Performance

VO opened at $257.51 on Tuesday. The company’s 50-day simple moving average is $271.13 and its two-hundred day simple moving average is $268.84. The stock has a market capitalization of $218.69 billion, a P/E ratio of 22.74 and a beta of 1.10. Vanguard Mid-Cap ETF has a 52-week low of $234.18 and a 52-week high of $285.60.

Vanguard Mid-Cap ETF Company 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.