Vanguard S&P Mid-Cap 400 Value ETF (IVOV)
Vanguard S&P Mid-Cap 400 Value ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $109.04, up 0.53% on the session, giving a market capitalisation of $1.42B. Its beta of 0.97 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) is designed to replicate the performance of the S&P MidCap 400 Value Index, an index composed of value-oriented companies within the broader S&P 400. Its primary objective is to closely match the returns of this index, which acts as a representative measure for the overall market performance of U.S. mid-capitalization value stocks. Investors can expect a notable upside potential for growth, though its share price typically exhibits greater volatility compared to bond-focused investments. Therefore, this fund is particularly well-suited for long-range investment objectives where capital growth is a crucial factor. It is important to note that on March 14, 2023, the ETF underwent a two-for-one share split, resulting in a reduced price per share and a proportional increase in the total number of outstanding shares. Historical share price data may not always reflect this adjustment unless designated as market data; nevertheless, the overall investment returns are unaffected by this split.
Vanguard S&P Mid-Cap 400 Value ETF is most often compared with the following Financial Services names: