Hidden Cove Wealth Management LLC raised its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Free Report) by 79.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,558 shares of the company’s stock after acquiring an additional 31,759 shares during the quarter. Vanguard Mega Cap Value ETF makes up 6.2% of Hidden Cove Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Hidden Cove Wealth Management LLC owned approximately 0.09% of Vanguard Mega Cap Value ETF worth $11,527,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in MGV. Kentucky Trust Co acquired a new stake in shares of Vanguard Mega Cap Value ETF during the second quarter valued at $29,000. Ascentis Independent Advisors acquired a new position in Vanguard Mega Cap Value ETF in the 1st quarter valued at about $26,000. Adirondack Trust Co. acquired a new position in Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $34,000. Bullseye Investment Management LLC purchased a new position in Vanguard Mega Cap Value ETF in the 2nd quarter valued at about $40,000. Finally, Financial Life Planners purchased a new position in Vanguard Mega Cap Value ETF in the 1st quarter valued at about $40,000.
Vanguard Mega Cap Value ETF Price Performance
NYSEARCA:MGV traded down $0.69 on Monday, reaching $164.99. The stock had a trading volume of 219,013 shares, compared to its average volume of 257,734. Vanguard Mega Cap Value ETF has a 12-month low of $135.48 and a 12-month high of $169.84. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The firm’s fifty day moving average is $165.62 and its two-hundred day moving average is $160.65.
Vanguard Mega Cap Value ETF Company Profile
Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.
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