Summit Investment Advisory Services LLC Makes New $779,000 Investment in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Summit Investment Advisory Services LLC bought a new position in Vanguard Mid-Cap ETF (NYSEARCA:VO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,951 shares of the company’s stock, valued at approximately $779,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VO. Fairfield Financial Advisors LTD bought a new position in shares of Vanguard Mid-Cap ETF during the 2nd quarter worth approximately $26,000. ESL Trust Services LLC bought a new position in shares of Vanguard Mid-Cap ETF during the 1st quarter worth approximately $32,000. Financial Perspectives Inc lifted its position in shares of Vanguard Mid-Cap ETF by 32.1% during the 1st quarter. Financial Perspectives Inc now owns 177 shares of the company’s stock worth $44,000 after buying an additional 43 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Vanguard Mid-Cap ETF during the 1st quarter worth approximately $44,000. Finally, LRI Investments LLC bought a new position in shares of Vanguard Mid-Cap ETF during the 1st quarter worth approximately $45,000.

Vanguard Mid-Cap ETF Stock Performance

Shares of Vanguard Mid-Cap ETF stock traded down $0.28 during mid-day trading on Thursday, hitting $269.46. 71,112 shares of the stock were exchanged, compared to its average volume of 556,943. Vanguard Mid-Cap ETF has a 12 month low of $194.79 and a 12 month high of $270.79. The company has a market capitalization of $69.68 billion, a P/E ratio of 19.64 and a beta of 0.98. The company has a 50-day simple moving average of $257.32 and a 200 day simple moving average of $248.62.

About Vanguard Mid-Cap ETF

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.