AE Wealth Management LLC Buys 3,022 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

AE Wealth Management LLC lifted its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 11.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,444 shares of the company’s stock after acquiring an additional 3,022 shares during the period. AE Wealth Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $2,479,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Vanguard Mega Cap Value ETF in the second quarter valued at about $36,000. Vigilant Capital Management LLC bought a new position in Vanguard Mega Cap Value ETF during the second quarter worth about $81,000. Asset Planning Services Ltd. lifted its stake in Vanguard Mega Cap Value ETF by 76.2% during the second quarter. Asset Planning Services Ltd. now owns 1,445 shares of the company’s stock worth $116,000 after purchasing an additional 625 shares during the period. Sandy Spring Bank bought a new position in Vanguard Mega Cap Value ETF during the third quarter worth about $122,000. Finally, NEXT Financial Group Inc bought a new position in Vanguard Mega Cap Value ETF during the second quarter worth about $130,000.

Shares of MGV opened at $84.44 on Thursday. Vanguard Mega Cap Value ETF has a 12 month low of $66.82 and a 12 month high of $84.86. The company has a 50-day moving average price of $81.62 and a two-hundred day moving average price of $80.26.

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.

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Institutional Ownership by Quarter for Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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