Phillips Financial Management LLC Sells 101 Shares of Vanguard Mega Cap Value ETF $MGV

Phillips Financial Management LLC lowered its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 56,249 shares of the company’s stock after selling 101 shares during the period. Phillips Financial Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $7,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Assetmark Inc. raised its holdings in shares of Vanguard Mega Cap Value ETF by 3.3% during the 1st quarter. Assetmark Inc. now owns 14,804,596 shares of the company’s stock valued at $1,907,424,000 after purchasing an additional 467,392 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Vanguard Mega Cap Value ETF by 2.5% during the 1st quarter. LPL Financial LLC now owns 976,948 shares of the company’s stock valued at $125,870,000 after purchasing an additional 23,685 shares in the last quarter. HighTower Advisors LLC raised its holdings in Vanguard Mega Cap Value ETF by 51.6% in the 1st quarter. HighTower Advisors LLC now owns 712,570 shares of the company’s stock worth $91,807,000 after acquiring an additional 242,459 shares during the period. Royal Bank of Canada raised its holdings in Vanguard Mega Cap Value ETF by 10.1% in the 1st quarter. Royal Bank of Canada now owns 673,415 shares of the company’s stock worth $86,763,000 after acquiring an additional 61,584 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Vanguard Mega Cap Value ETF by 8.6% in the 2nd quarter. Merit Financial Group LLC now owns 639,168 shares of the company’s stock worth $83,859,000 after acquiring an additional 50,431 shares during the period.

Vanguard Mega Cap Value ETF Price Performance

Shares of MGV opened at $138.52 on Wednesday. The company has a market capitalization of $10.29 billion, a PE ratio of 18.48 and a beta of 0.86. Vanguard Mega Cap Value ETF has a one year low of $112.25 and a one year high of $139.08. The company’s fifty day moving average price is $136.10 and its 200 day moving average price is $130.43.

Vanguard Mega Cap Value ETF 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.