Wells Financial Advisors INC Reduces Holdings in Vanguard Mega Cap Value ETF $MGV

Wells Financial Advisors INC decreased its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 77.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,247 shares of the company’s stock after selling 14,476 shares during the period. Vanguard Mega Cap Value ETF makes up 2.8% of Wells Financial Advisors INC’s investment portfolio, making the stock its 12th largest holding. Wells Financial Advisors INC’s holdings in Vanguard Mega Cap Value ETF were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Assetmark Inc. lifted its holdings in Vanguard Mega Cap Value ETF by 1.1% in the first quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock worth $2,260,741,000 after buying an additional 166,009 shares during the period. Bank of America Corp DE grew its holdings in shares of 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 worth $575,265,000 after acquiring an additional 319,194 shares during the period. UBS Group AG grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% during the 4th quarter. UBS Group AG now owns 1,799,402 shares of the company’s stock worth $254,004,000 after acquiring an additional 45,410 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,743,113 shares of the company’s stock worth $228,634,000 after acquiring an additional 42,570 shares during the period. Finally, Merit Financial Group LLC raised its position in shares of Vanguard Mega Cap Value ETF by 51.7% in the 4th 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 in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

MGV opened at $161.83 on Monday. The stock has a market cap of $13.05 billion, a PE ratio of 18.48 and a beta of 0.72. The business has a 50 day moving average of $160.18 and a 200-day moving average of $152.56. Vanguard Mega Cap Value ETF has a 52 week low of $128.84 and a 52 week high of $166.02.

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.