Garden State Investment Advisory Services LLC Increases Holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Garden State Investment Advisory Services LLC lifted its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 22.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,310 shares of the company’s stock after buying an additional 425 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Vanguard Mega Cap Value ETF were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Vanguard Mega Cap Value ETF in the second quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter worth approximately $34,000. Redmont Wealth Advisors LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter worth approximately $35,000. Principal Securities Inc. purchased a new position in shares of Vanguard Mega Cap Value ETF in the fourth quarter worth approximately $44,000. Finally, GPS Wealth Strategies Group LLC grew its position in Vanguard Mega Cap Value ETF by 84.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 435 shares of the company’s stock valued at $52,000 after buying an additional 199 shares during the period.

Vanguard Mega Cap Value ETF Trading Down 0.1 %

Shares of MGV stock opened at $127.81 on Friday. The company has a 50 day simple moving average of $123.76 and a two-hundred day simple moving average of $119.80. The stock has a market cap of $7.92 billion, a P/E ratio of 18.88 and a beta of 0.66. Vanguard Mega Cap Value ETF has a 12 month low of $96.77 and a 12 month high of $128.38.

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.