PFG Advisors Trims Stock Position in Vanguard Mega Cap Value ETF $MGV

PFG Advisors cut its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,234 shares of the company’s stock after selling 8,654 shares during the period. PFG Advisors’ holdings in Vanguard Mega Cap Value ETF were worth $1,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. lifted its position in Vanguard Mega Cap Value ETF by 2.1% in the fourth quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after acquiring an additional 312,445 shares during the last quarter. Bank of America Corp DE grew its holdings in Vanguard Mega Cap Value ETF by 7.9% during the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after acquiring an additional 319,194 shares during the period. Ameriprise Financial Inc. grew its holdings in Vanguard Mega Cap Value ETF by 17.2% during the third quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock worth $281,261,000 after acquiring an additional 298,993 shares during the period. UBS Group AG grew its holdings in Vanguard Mega Cap Value ETF by 3.8% during the third quarter. UBS Group AG now owns 1,753,992 shares of the company’s stock worth $241,595,000 after acquiring an additional 63,931 shares during the period. Finally, Merit Financial Group LLC grew its holdings in Vanguard Mega Cap Value ETF by 51.7% during the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after acquiring an additional 429,853 shares during the period.

Vanguard Mega Cap Value ETF Price Performance

Shares of MGV stock opened at $149.48 on Thursday. The business’s fifty day moving average price is $148.72 and its 200 day moving average price is $144.19. Vanguard Mega Cap Value ETF has a 1-year low of $120.75 and a 1-year high of $154.03. The firm has a market capitalization of $11.63 billion, a PE ratio of 18.48 and a beta of 0.75.

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.