Exchange Traded Concepts LLC Invests in Vanguard Mid-Cap Growth ETF

Exchange Traded Concepts LLC has made a new investment in the Vanguard Mid-Cap Growth ETF (NYSEARCA:VOT) during the third quarter, acquiring 324 shares for about $79,000. This move reflects ongoing interest from various institutional investors in this growth-focused fund.

In addition to Exchange Traded Concepts LLC, several other hedge funds and institutional investors have also recently engaged with Vanguard Mid-Cap Growth ETF. For instance, Compton Wealth Advisory Group LLC increased its holdings by 2.0% in the third quarter, owning now 39,506 shares valued at $9,618,000 after adding 793 shares. Similarly, CRA Financial Services LLC entered a new position in the ETF valued at roughly $205,000 during the same period. Ritholtz Wealth Management also purchased new shares worth approximately $727,000.

Furthermore, Total Wealth Planning LLC boosted its investment in the ETF by 2.6%, holding 63,373 shares valued at $15,429,000 after buying an extra 1,616 shares. Additionally, Silverlake Wealth Management elevated its stake by an impressive 39.0%, now owning 1,704 shares valued at $415,000 after acquiring 478 additional shares.

Current Market Performance

As of Wednesday, Vanguard Mid-Cap Growth ETF was trading at $248.68, having seen a slight decrease of 0.6%. The fund's 50-day and 200-day simple moving averages stand at $239.48 and $232.94, respectively. With a market capitalization of $13.98 billion, it possesses a P/E ratio of 29.99 and a beta of 1.15. Over the past year, VOT has fluctuated between a low of $179.43 and a high of $252.52.

About Vanguard Mid-Cap Growth ETF

The Vanguard Mid-Cap Growth ETF is an exchange-traded fund that is part of the Vanguard Mid-Cap Growth Index Fund. It uses a passive management approach designed to mimic the performance of the MSCI US Mid Cap Growth Index, which represents a diversified collection of growth stocks from medium-sized U.S. companies.

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investment, ETF, Vanguard