NewEdge Advisors LLC Lowers Stake in Vanguard Mega Cap Value ETF $MGV

NewEdge Advisors LLC lowered its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 25.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MGV. Wedbush Securities Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 3.1% during the fourth quarter. Wedbush Securities Inc. now owns 2,687 shares of the company’s stock valued at $379,000 after buying an additional 80 shares during the last quarter. Visionary Wealth Advisors grew its position in shares of Vanguard Mega Cap Value ETF by 1.0% in the 2nd quarter. Visionary Wealth Advisors now owns 8,107 shares of the company’s stock worth $1,064,000 after buying an additional 82 shares during the last quarter. SCS Capital Management LLC grew its position in shares of Vanguard Mega Cap Value ETF by 1.1% in the 4th quarter. SCS Capital Management LLC now owns 7,963 shares of the company’s stock worth $1,124,000 after buying an additional 86 shares during the last quarter. O ROURKE & COMPANY Inc raised its stake in shares of Vanguard Mega Cap Value ETF by 1.4% during the 4th quarter. O ROURKE & COMPANY Inc now owns 6,296 shares of the company’s stock worth $889,000 after acquiring an additional 88 shares in the last quarter. Finally, AA Financial Advisors LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 3.7% during the 1st quarter. AA Financial Advisors LLC now owns 2,442 shares of the company’s stock worth $354,000 after acquiring an additional 88 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV stock opened at $168.84 on Monday. Vanguard Mega Cap Value ETF has a 12-month low of $132.74 and a 12-month high of $169.05. The business’s fifty day simple moving average is $163.61 and its 200-day simple moving average is $155.41. The company has a market cap of $13.62 billion, a PE ratio of 18.48 and a beta of 0.72.

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.