Noble Wealth Management PBC Invests $1.84 Million in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Noble Wealth Management PBC purchased a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,693 shares of the company’s stock, valued at approximately $1,835,000. Vanguard Mega Cap Value ETF makes up 1.3% of Noble Wealth Management PBC’s investment portfolio, making the stock its 25th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management raised its stake in shares of Vanguard Mega Cap Value ETF by 10.9% in the 4th quarter. Brookstone Capital Management now owns 3,971 shares of the company’s stock valued at $496,000 after acquiring an additional 389 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Vanguard Mega Cap Value ETF by 16.5% in the 4th quarter. Principal Securities Inc. now owns 2,272 shares of the company’s stock valued at $284,000 after acquiring an additional 321 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at approximately $211,000. Stratos Wealth Partners LTD. raised its stake in shares of Vanguard Mega Cap Value ETF by 28.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,263 shares of the company’s stock valued at $533,000 after acquiring an additional 948 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 13.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,056 shares of the company’s stock valued at $257,000 after acquiring an additional 236 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV stock opened at $132.54 on Friday. The stock’s 50 day simple moving average is $128.95 and its 200 day simple moving average is $128.41. Vanguard Mega Cap Value ETF has a twelve month low of $113.36 and a twelve month high of $133.82. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 20.60 and a beta of 0.86.

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.