PFG Advisors Acquires 2,025 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

PFG Advisors increased its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 9.2% during the second quarter, HoldingsChannel reports. The fund owned 24,016 shares of the company’s stock after buying an additional 2,025 shares during the quarter. PFG Advisors’ holdings in Vanguard Mega Cap Value ETF were worth $2,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC grew its position in shares of Vanguard Mega Cap Value ETF by 53.1% in the 2nd quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock valued at $119,207,000 after buying an additional 348,936 shares during the last quarter. Lane & Associates LLC grew its position in shares of Vanguard Mega Cap Value ETF by 14.5% in the 2nd quarter. Lane & Associates LLC now owns 1,977 shares of the company’s stock valued at $234,000 after buying an additional 250 shares during the last quarter. Blue Edge Capital LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 35.8% in the 2nd quarter. Blue Edge Capital LLC now owns 133,337 shares of the company’s stock valued at $15,800,000 after purchasing an additional 35,139 shares during the period. Choreo LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 11.0% in the 2nd quarter. Choreo LLC now owns 18,056 shares of the company’s stock valued at $2,134,000 after purchasing an additional 1,794 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 11,467.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 240,132 shares of the company’s stock valued at $28,456,000 after purchasing an additional 238,056 shares during the period.

Vanguard Mega Cap Value ETF Price Performance

Shares of NYSEARCA:MGV opened at $125.53 on Friday. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 18.88 and a beta of 0.66. The business’s 50-day moving average is $122.84 and its 200-day moving average is $119.28. Vanguard Mega Cap Value ETF has a 1 year low of $96.77 and a 1 year high of $127.57.

Vanguard Mega Cap Value ETF 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.