Brown Advisory Inc. Buys Shares of 4,443 Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO)

Brown Advisory Inc. bought a new stake in Vanguard S&P Mid-Cap 400 ETF (NYSEARCA:IVOO) during the first quarter, HoldingsChannel reports. The institutional investor bought 4,443 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 14.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,443 shares of the company’s stock worth $258,000 after buying an additional 303 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 58.3% in the 4th quarter. Jones Financial Companies Lllp now owns 475 shares of the company’s stock worth $50,000 after buying an additional 175 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Vanguard S&P Mid-Cap 400 ETF in the 4th quarter worth $372,000. HighTower Advisors LLC bought a new position in shares of Vanguard S&P Mid-Cap 400 ETF in the 4th quarter worth $208,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Vanguard S&P Mid-Cap 400 ETF by 102.6% in the 4th quarter. Farther Finance Advisors LLC now owns 618 shares of the company’s stock worth $65,000 after buying an additional 313 shares during the last quarter.

Vanguard S&P Mid-Cap 400 ETF Stock Performance

Shares of Vanguard S&P Mid-Cap 400 ETF stock opened at $105.80 on Wednesday. Vanguard S&P Mid-Cap 400 ETF has a 52-week low of $84.85 and a 52-week high of $115.71. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 18.32 and a beta of 1.13. The company has a fifty day moving average of $103.74 and a 200-day moving average of $102.60.

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.