LPL Financial LLC Sells 11,983 Shares of Vanguard Mega Cap Value ETF $MGV

LPL Financial LLC trimmed its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,073,208 shares of the company’s stock after selling 11,983 shares during the quarter. LPL Financial LLC’s holdings in Vanguard Mega Cap Value ETF were worth $151,494,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Assetmark Inc. grew 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 worth $2,178,196,000 after acquiring an additional 312,445 shares in the last quarter. Bank of America Corp DE grew its position in Vanguard Mega Cap Value ETF by 7.9% in 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 in the last quarter. Ameriprise Financial Inc. grew its position in Vanguard Mega Cap Value ETF by 17.2% in 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 in the last quarter. UBS Group AG grew its position in Vanguard Mega Cap Value ETF by 2.6% in the fourth 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 in the last quarter. Finally, Merit Financial Group LLC grew its position in Vanguard Mega Cap Value ETF by 51.7% in 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 in the last quarter.

Vanguard Mega Cap Value ETF Stock Down 0.9%

MGV stock opened at $157.83 on Thursday. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73. Vanguard Mega Cap Value ETF has a 12 month low of $127.95 and a 12 month high of $160.40. The firm has a 50 day moving average of $152.89 and a two-hundred day moving average of $148.33.

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.