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VOE · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Vanguard Morningstar Mid-Cap Value ETF (VOE) stock moving?
No relevant news was found. The only item in the window concerns voestalpine AG, an Austrian steelmaker whose shares trade under the same VOE symbol in Vienna. It is unrelated to this ETF, so it was excluded. There were no SEC filings in the 45-day window. Over the 14 sessions shown, the price ranged from a low of 205.84 to a high of 215.35 and closed at 211.20 on Nov 10, about 0.9% above the 209.30 close on Oct 22. The Nov 5 session opened at 214.84, fell to 207.93 and closed at 208.24, a 2.6% drop on 573,891 shares and 12,181 trades. That trade count was about 2.4x the average of roughly 5,200 on the other sessions, while share volume was only modestly above the period average of about 488,000. Shares recovered from the 206.83 close on Nov 6 to 211.20 by Nov 9 and held that level on Nov 10, with a VWAP of 210.34. With no fund-specific catalyst, the recent moves look market-driven. The Nov 5 reversal on heavy trading is the main signal, but it is a single session and does not establish a trend.
About Vanguard Morningstar Mid-Cap Value ETF
Vanguard Morningstar Mid-Cap Value ETF (VOE) is a low-cost index fund holding roughly 170–180 mid-sized US companies that look cheap relative to their earnings, book value and other fundamentals. It started in 2006 as Vanguard Mid-Cap Value ETF, which tracked a CRSP index. It has since been renamed and now follows a Morningstar mid-cap value index. It manages roughly $23–25 billion.
How the fund works
The fund tracks the Morningstar US Mid Cap Value Index. It does this passively by buying all, or nearly all, of the stocks in the index, in about the same weights as the index. It holds no leverage or derivatives. Holdings are weighted by company size, and the top 10 make up only about 13–14% of assets, so no single stock dominates. Recent top holdings have included refiners such as Valero, Marathon Petroleum and Phillips 66. It pays dividends every quarter, with a yield of roughly 2%. The expense ratio is very low, roughly 0.05–0.07%, depending on the source. The main risks are general stock market swings and the chance that value stocks lag growth stocks. Mid-cap stocks also tend to swing more than large caps.
What usually moves VOE
- Value vs. growth style rotation
- US economic cycle and corporate earnings
- Interest rates and credit conditions
- Energy, financial and industrial sector performance
- Oil and refining margins (large refiner weights)