Vanguard Mega Cap Value ETF $MGV Shares Sold by PFG Private Wealth Management LLC

PFG Private Wealth Management LLC lowered its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 11.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 65,983 shares of the company’s stock after selling 8,626 shares during the quarter. Vanguard Mega Cap Value ETF comprises approximately 4.6% of PFG Private Wealth Management LLC’s holdings, making the stock its 11th largest holding. PFG Private Wealth Management LLC owned approximately 0.08% of Vanguard Mega Cap Value ETF worth $10,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new position in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new stake in Vanguard Mega Cap Value ETF during the first quarter worth approximately $26,000. Kentucky Trust Co purchased a new stake in Vanguard Mega Cap Value ETF during the second quarter worth approximately $29,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter worth $33,000. Finally, Key Financial Inc increased its position in shares of Vanguard Mega Cap Value ETF by 511.1% in the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after acquiring an additional 230 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.4%

Shares of MGV stock opened at $166.47 on Wednesday. The company has a market cap of $13.42 billion, a PE ratio of 18.48 and a beta of 0.72. The company’s fifty day simple moving average is $165.14 and its 200-day simple moving average is $156.90. Vanguard Mega Cap Value ETF has a 52 week low of $133.33 and a 52 week high of $169.84.

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.