Vanguard Mega Cap Value ETF $MGV Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 58.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,697 shares of the company’s stock after selling 29,165 shares during the quarter. Sowell Financial Services LLC’s holdings in Vanguard Mega Cap Value ETF were worth $3,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. ICONIQ Capital LLC purchased a new position in Vanguard Mega Cap Value ETF in the second quarter valued at $1,192,000. Baird Financial Group Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 1.0% during the 2nd quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock worth $63,291,000 after acquiring an additional 3,737 shares in the last quarter. Greenleaf Trust purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter worth about $307,000. Breakwater Capital Group boosted its stake in shares of Vanguard Mega Cap Value ETF by 7.0% during the 1st quarter. Breakwater Capital Group now owns 156,391 shares of the company’s stock worth $22,669,000 after acquiring an additional 10,276 shares in the last quarter. Finally, Piedmont Capital Management LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at about $18,379,000.

Vanguard Mega Cap Value ETF Stock Up 0.2%

Shares of Vanguard Mega Cap Value ETF stock opened at $166.64 on Thursday. Vanguard Mega Cap Value ETF has a twelve month low of $135.48 and a twelve month high of $169.84. The business has a 50-day moving average price of $165.57 and a 200 day moving average price of $160.95. The firm has a market cap of $13.94 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.