Center For Asset Management LLC Trims Stock Position in Vanguard Mega Cap Value ETF $MGV

Center For Asset Management LLC trimmed its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 29.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,018 shares of the company’s stock after selling 16,646 shares during the period. Vanguard Mega Cap Value ETF comprises about 2.9% of Center For Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Center For Asset Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $5,374,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MGV. Osaic Holdings Inc. raised its position in shares of Vanguard Mega Cap Value ETF by 557.8% during the second quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock worth $142,255,000 after purchasing an additional 932,588 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at approximately $115,536,000. Wellington Management Group LLP acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at approximately $46,132,000. JPMorgan Chase & Co. increased its stake in Vanguard Mega Cap Value ETF by 188.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 510,051 shares of the company’s stock worth $66,919,000 after purchasing an additional 333,098 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after purchasing an additional 319,194 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV stock opened at $147.60 on Wednesday. Vanguard Mega Cap Value ETF has a 52 week low of $112.25 and a 52 week high of $154.03. The company’s 50 day moving average price is $149.19 and its two-hundred day moving average price is $142.33. The company has a market capitalization of $11.23 billion, a P/E ratio of 18.48 and a beta of 0.80.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.