Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) Reaches New 12-Month Low – Should You Sell?

Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $94.04 and last traded at $94.09, with a volume of 460600 shares. The stock had previously closed at $100.87.

Vanguard S&P Mid-Cap 400 ETF Price Performance

The stock has a market cap of $2.16 billion, a P/E ratio of 18.27 and a beta of 1.14. The firm’s fifty day moving average price is $103.70 and its two-hundred day moving average price is $106.64.

Vanguard S&P Mid-Cap 400 ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.3464 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IVOO. Trifecta Capital Advisors LLC purchased a new position in shares of Vanguard S&P Mid-Cap 400 ETF during the fourth quarter worth approximately $27,000. Ameriflex Group Inc. bought a new position in shares of Vanguard S&P Mid-Cap 400 ETF during the 4th quarter valued at $31,000. VSM Wealth Advisory LLC purchased a new position in Vanguard S&P Mid-Cap 400 ETF in the 4th quarter worth $39,000. RE Dickinson Investment Advisors LLC purchased a new stake in Vanguard S&P Mid-Cap 400 ETF during the fourth quarter valued at about $47,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Vanguard S&P Mid-Cap 400 ETF by 58.3% during the fourth quarter. Jones Financial Companies Lllp now owns 475 shares of the company’s stock valued at $50,000 after buying an additional 175 shares during the last quarter.

About Vanguard S&P Mid-Cap 400 ETF

The Vanguard S&P Mid-Cap 400 ETF (IVOO) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies. IVOO was launched on Sep 9, 2010 and is managed by Vanguard.