Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,086 shares of the company’s stock after buying an additional 379 shares during the period. NewEdge Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $1,432,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MGV. LPL Financial LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 53.1% during the 2nd quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock valued at $119,207,000 after buying an additional 348,936 shares during the period. Sequoia Financial Advisors LLC increased its stake in Vanguard Mega Cap Value ETF by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 635,796 shares of the company’s stock worth $75,342,000 after acquiring an additional 39,828 shares during the last quarter. Black Diamond Financial LLC raised its holdings in shares of Vanguard Mega Cap Value ETF by 8.7% in the 2nd quarter. Black Diamond Financial LLC now owns 616,892 shares of the company’s stock worth $73,102,000 after purchasing an additional 49,297 shares during the period. Raymond James & Associates lifted its stake in shares of Vanguard Mega Cap Value ETF by 2.9% in the 2nd quarter. Raymond James & Associates now owns 506,821 shares of the company’s stock valued at $60,058,000 after purchasing an additional 14,355 shares in the last quarter. Finally, Means Investment CO. Inc. lifted its stake in shares of Vanguard Mega Cap Value ETF by 7.5% in the 2nd quarter. Means Investment CO. Inc. now owns 477,157 shares of the company’s stock valued at $56,543,000 after purchasing an additional 33,224 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $128.34 on Friday. Vanguard Mega Cap Value ETF has a 1 year low of $96.77 and a 1 year high of $128.48. The firm has a 50 day moving average price of $124.89 and a 200 day moving average price of $120.64. The company has a market cap of $7.95 billion, a PE ratio of 18.88 and a beta of 0.66.

Vanguard Mega Cap Value ETF Company 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.