Founders Financial Securities LLC Sells 7,778 Shares of Vanguard Mid-Cap ETF (NYSEARCA:VO)

Founders Financial Securities LLC cut its holdings in Vanguard Mid-Cap ETF (NYSEARCA:VO) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,464 shares of the company’s stock after selling 7,778 shares during the period. Vanguard Mid-Cap ETF comprises about 2.0% of Founders Financial Securities LLC’s holdings, making the stock its 8th largest position. Founders Financial Securities LLC’s holdings in Vanguard Mid-Cap ETF were worth $18,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter worth about $25,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter worth about $28,000. Orion Capital Management LLC purchased a new position in shares of Vanguard Mid-Cap ETF during the third quarter worth about $30,000. Signature Resources Capital Management LLC purchased a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter worth about $30,000. Finally, Financial Perspectives Inc purchased a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter worth about $31,000.

Vanguard Mid-Cap ETF Price Performance

Shares of VO stock traded down $0.16 during midday trading on Friday, reaching $242.10. 409,975 shares of the company traded hands, compared to its average volume of 584,613. The firm’s 50 day simple moving average is $243.47 and its two-hundred day simple moving average is $239.03. Vanguard Mid-Cap ETF has a 1-year low of $194.79 and a 1-year high of $250.41. The firm has a market cap of $62.60 billion, a PE ratio of 19.64 and a beta of 0.98.

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.