Truist Financial Corp Increases Stake in Vanguard S&P Mid-Cap 400 Value ETF

Truist Financial Corp has reported an increase in its holdings of the Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV – Free Report) by 0.6% for the second quarter, according to its latest disclosure to the Securities & Exchange Commission. Following this adjustment, the firm now owns a total of 24,529 shares after acquiring an additional 145 shares during this period. As of the most recent SEC filing, Truist Financial Corp's stake in the Vanguard S&P Mid-Cap 400 Value ETF is valued at approximately $2,148,000, which represents 0.25% of the ETF's total shares.

Furthermore, several other institutional investors have also adjusted their positions in the Vanguard S&P Mid-Cap 400 Value ETF. For instance, Mather Group LLC established a new stake during the first quarter worth around $25,000. Bruce G. Allen Investments LLC also bought new shares valued at about $63,000, while Salomon & Ludwin LLC made a new investment worth approximately $104,000. PNC Financial Services Group Inc. increased its holding by 10.5% in the fourth quarter and now possesses 2,356 shares valued at $205,000 after purchasing an additional 223 shares. Lastly, Virtu Financial LLC similarly acquired a new stake in the ETF worth about $219,000 in the first quarter.

Current Performance of Vanguard S&P Mid-Cap 400 Value ETF

As of the latest trading session, the Vanguard S&P Mid-Cap 400 Value ETF opened at $94.97. Throughout the past year, the ETF has experienced a low of $71.72 and a high of $96.47. The current fifty-day simple moving average stands at $92.78, while the two-hundred-day moving average is at $89.93. The company boasts a market capitalization of approximately $927.86 million, with a price-to-earnings (P/E) ratio of 6.72 and a beta value of 1.07, indicating its volatility compared to the broader market.

Overview of Vanguard S&P Mid-Cap 400 Value ETF

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is designed to track the performance of value-oriented securities within the S&P Mid Cap 400 index. Launched on September 9, 2010, this exchange-traded fund (ETF) is managed by Vanguard, a prominent investment management company. The focus on mid-cap value stocks is intended to provide investors with opportunities in companies that are considered undervalued.

Conclusion and Additional Resources

For those interested in tracking additional insights regarding the Vanguard S&P Mid-Cap 400 Value ETF (IVOV – Free Report), hedge fund activity can provide deeper insights into market sentiment. Investors are encouraged to explore various resources including 13F filings and insider trades to comprehend the broader investment landscape related to this ETF.

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