New Hampshire Trust has increased its investment in the Vanguard Mid-Cap ETF, boosting its holdings by 3.6% during the third quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission, New Hampshire Trust now owns 180,332 shares, having acquired an additional 6,209 shares during the quarter. This investment now constitutes approximately 10.2% of the trust’s overall portfolio, marking the Vanguard Mid-Cap ETF as its largest position.
As of the end of the most recent quarter, New Hampshire Trust’s stake in the Vanguard Mid-Cap ETF was valued at around $52.97 million, representing about 0.06% of the ETF. This strategic move reflects a growing interest in the mid-cap sector, which is often seen as a key area for growth in the U.S. market.
Other investment firms have also adjusted their holdings in the Vanguard Mid-Cap ETF. For instance, Naviter Wealth LLC raised its stake by 2.9% in the second quarter, now owning 1,286 shares valued at $361,000 after purchasing an additional 36 shares. Similarly, J2 Capital Management Inc. increased its position by 1.5%, bringing its total to 2,556 shares worth $715,000 after acquiring 37 more shares.
Additionally, Lathrop Investment Management Co. enhanced its holdings by 3.7%, now possessing 1,030 shares valued at $288,000. Hantz Financial Services Inc. also increased its stake by 6.7%, owning 586 shares worth $164,000 after buying 37 shares. Lastly, Comprehensive Financial Planning Inc. raised its position by 1.2%, currently holding 3,050 shares valued at $853,000.
The Vanguard Mid-Cap ETF opened at $294.51 on Friday, with a twelve-month low of $223.65 and a high of $298.64. The ETF has a market capitalization of $90.13 billion, a price-to-earnings ratio of 21.50, and a beta of 1.04. Its 50-day simple moving average stands at $290.62, while the 200-day simple moving average is at $287.56.
The Vanguard Mid-Cap ETF is designed to track the performance of the MSCI US Mid Cap 450 Index, which represents medium-sized firms in the United States. The fund maintains a portfolio that mirrors the capitalization weighting of the index. Investment advisory services for the fund are provided by The Vanguard Group, Inc., through its Quantitative Equity Group.
As institutional investors continue to shift their portfolios, the Vanguard Mid-Cap ETF remains a focal point for those seeking exposure to the mid-cap sector of the U.S. market.
