Focus Financial Network Inc. Purchases 8,695 Shares of Vanguard Mega Cap Value ETF $MGV

Focus Financial Network Inc. lifted its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 147.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,587 shares of the company’s stock after buying an additional 8,695 shares during the period. Focus Financial Network Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $2,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in Vanguard Mega Cap Value ETF during the first quarter valued at approximately $26,000. Tucker Asset Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at $26,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth $33,000. Key Financial Inc raised its holdings in Vanguard Mega Cap Value ETF by 511.1% in the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after purchasing an additional 230 shares during the period. Finally, Financial Life Planners purchased a new position in Vanguard Mega Cap Value ETF during the first quarter valued at $40,000.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA:MGV opened at $167.30 on Tuesday. The stock has a 50-day simple moving average of $162.86 and a two-hundred day simple moving average of $154.80. The firm has a market capitalization of $13.49 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 52-week low of $130.86 and a 52-week high of $167.45.

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