Gray Wealth Management Inc. Has $3.72 Million Stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Gray Wealth Management Inc. lowered its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,779 shares of the company’s stock after selling 506 shares during the period. Vanguard Mega Cap Value ETF accounts for 1.4% of Gray Wealth Management Inc.’s portfolio, making the stock its 20th largest position. Gray Wealth Management Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $3,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MGV. Financial Life Planners bought a new position in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $34,000. Tanglewood Legacy Advisors LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth $54,000. Mascoma Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $74,000. Sachetta LLC bought a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at about $95,000. Finally, Legacy Investment Solutions LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at about $108,000.

Vanguard Mega Cap Value ETF Trading Up 1.5 %

Shares of MGV opened at $127.48 on Monday. The stock has a market cap of $8.64 billion, a P/E ratio of 20.16 and a beta of 0.85. Vanguard Mega Cap Value ETF has a 1 year low of $113.36 and a 1 year high of $133.82. The stock’s 50-day moving average price is $129.51 and its two-hundred day moving average price is $128.75.

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.