Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sees Large Volume Increase – Should You Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) saw unusually-high trading volume on Wednesday . Approximately 468,541 shares traded hands during trading, an increase of 113% from the previous session’s volume of 219,771 shares.The stock last traded at $128.68 and had previously closed at $129.09.

Vanguard Mega Cap Value ETF Trading Down 0.2 %

The business’s fifty day simple moving average is $129.80 and its 200-day simple moving average is $128.79. The firm has a market cap of $8.75 billion, a P/E ratio of 20.16 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MGV. Brookstone Capital Management increased its position in Vanguard Mega Cap Value ETF by 10.9% during the 4th quarter. Brookstone Capital Management now owns 3,971 shares of the company’s stock valued at $496,000 after purchasing an additional 389 shares during the period. Principal Securities Inc. increased its position in shares of Vanguard Mega Cap Value ETF by 16.5% during the fourth quarter. Principal Securities Inc. now owns 2,272 shares of the company’s stock valued at $284,000 after buying an additional 321 shares during the period. Apollon Wealth Management LLC purchased a new stake in Vanguard Mega Cap Value ETF in the fourth quarter worth about $211,000. Stratos Wealth Partners LTD. boosted its position in Vanguard Mega Cap Value ETF by 28.6% during 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 grew its holdings in shares of Vanguard Mega Cap Value ETF by 13.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,056 shares of the company’s stock worth $257,000 after acquiring an additional 236 shares during the period.

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.