NewEdge Advisors LLC reduced its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Free Report) by 25.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,146 shares of the company’s stock after selling 3,146 shares during the quarter. NewEdge Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $1,326,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of MGV. Focus Partners Wealth increased its stake in Vanguard Mega Cap Value ETF by 18.2% during the 1st quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock valued at $1,387,000 after purchasing an additional 1,662 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Vanguard Mega Cap Value ETF by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock worth $533,000 after buying an additional 192 shares during the period. HUB Investment Partners LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% during the second quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock valued at $381,000 after buying an additional 214 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 13.6% during the second quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock valued at $2,073,000 after buying an additional 1,880 shares during the last quarter. Finally, Betterment LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 3.4% during the second quarter. Betterment LLC now owns 2,730 shares of the company’s stock valued at $358,000 after buying an additional 90 shares during the last quarter.
Vanguard Mega Cap Value ETF Price Performance
NYSEARCA MGV opened at $168.84 on Monday. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The stock’s fifty day moving average price is $163.61 and its 200 day moving average price is $155.41. Vanguard Mega Cap Value ETF has a 1 year low of $132.74 and a 1 year high of $169.05.
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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.
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