Means Investment CO. Inc. Trims Stake in Vanguard Mega Cap Value ETF $MGV

Means Investment CO. Inc. decreased its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,783 shares of the company’s stock after selling 4,610 shares during the period. Vanguard Mega Cap Value ETF comprises about 1.7% of Means Investment CO. Inc.’s holdings, making the stock its 17th largest holding. Means Investment CO. Inc. owned about 0.18% of Vanguard Mega Cap Value ETF worth $19,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $29,000. First Horizon Corp bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $34,000. Nemes Rush Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $34,000. Finally, Financial Life Planners bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $37,000.

Vanguard Mega Cap Value ETF Stock Down 0.4%

Shares of MGV opened at $149.19 on Thursday. The business’s 50 day moving average price is $148.97 and its 200-day moving average price is $143.77. Vanguard Mega Cap Value ETF has a 52 week low of $116.88 and a 52 week high of $154.03. The stock has a market cap of $11.61 billion, a P/E ratio of 18.48 and a beta of 0.75.

Vanguard Mega Cap Value ETF Company 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.