Means Investment CO. Inc. Sells 4,610 Shares of Vanguard Mega Cap Value ETF $MGV

Means Investment CO. Inc. reduced its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 139,783 shares of the company’s stock after selling 4,610 shares during the quarter. Vanguard Mega Cap Value ETF accounts for 1.7% of Means Investment CO. Inc.’s holdings, making the stock its 17th biggest holding. Means Investment CO. Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $19,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MGV. Vantagepoint Investment Advisers LLC bought a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $115,536,000. Wellington Management Group LLP bought a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $46,132,000. Bank of America Corp DE increased its stake in Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after purchasing an additional 319,194 shares in the last quarter. Assetmark Inc. increased its stake in Vanguard Mega Cap Value ETF by 2.1% during the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after purchasing an additional 312,445 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in Vanguard Mega Cap Value ETF by 16,126.7% during the 4th quarter. SteelPeak Wealth LLC now owns 304,412 shares of the company’s stock valued at $42,971,000 after purchasing an additional 302,536 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.4%

MGV stock opened at $149.19 on Thursday. The stock’s 50 day simple moving average is $148.97 and its 200 day simple moving average is $143.77. Vanguard Mega Cap Value ETF has a 12-month low of $116.88 and a 12-month high of $154.03. The stock has a market capitalization of $11.61 billion, a PE ratio of 18.48 and a beta of 0.75.

About Vanguard Mega Cap Value ETF

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.