Vanguard Mega Cap Value ETF $MGV Stock: Fingerlakes Wealth Management Inc. Increases Holdings

Fingerlakes Wealth Management Inc. grew its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 64,502 shares of the company’s stock after acquiring an additional 3,576 shares during the period. Vanguard Mega Cap Value ETF accounts for approximately 5.7% of Fingerlakes Wealth Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Fingerlakes Wealth Management Inc. owned 0.08% of Vanguard Mega Cap Value ETF worth $10,391,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MGV. Vantagepoint Investment Advisers LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the third quarter valued at $118,104,000. BTG Pactual Asset Management US LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 238.0% in the second quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock worth $118,376,000 after purchasing an additional 509,956 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth $46,196,000. Bernardo Wealth Planning LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 96.2% in the third quarter. Bernardo Wealth Planning LLC now owns 367,590 shares of the company’s stock worth $59,215,000 after purchasing an additional 180,201 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Vanguard Mega Cap Value ETF by 1.1% in the first quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock valued at $2,260,741,000 after purchasing an additional 166,009 shares during the period.

Vanguard Mega Cap Value ETF Stock Up 0.2%

NYSEARCA MGV opened at $168.77 on Wednesday. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 20.06 and a beta of 0.71. Vanguard Mega Cap Value ETF has a twelve month low of $135.48 and a twelve month high of $172.07. The stock has a fifty day simple moving average of $165.61 and a 200 day simple moving average of $158.54.

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.