Arax Advisory Partners Purchases Shares of 123,875 Vanguard Mega Cap Value ETF $MGV

Arax Advisory Partners purchased a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 123,875 shares of the company’s stock, valued at approximately $17,486,000.

A number of other institutional investors have also recently made changes to their positions in MGV. Focus Partners Wealth grew its position in shares of Vanguard Mega Cap Value ETF by 18.2% in the 1st quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock valued at $1,387,000 after buying an additional 1,662 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Vanguard Mega Cap Value ETF by 5.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock valued at $533,000 after buying an additional 192 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Vanguard Mega Cap Value ETF by 4.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,167 shares of the company’s stock valued at $1,596,000 after buying an additional 570 shares during the last quarter. HUB Investment Partners LLC grew its position in shares of Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock valued at $381,000 after buying an additional 214 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its position in shares of Vanguard Mega Cap Value ETF by 13.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock valued at $2,073,000 after buying an additional 1,880 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Up 0.9%

NYSEARCA MGV opened at $162.14 on Friday. The business’s 50-day moving average price is $153.54 and its two-hundred day moving average price is $148.59. Vanguard Mega Cap Value ETF has a 12 month low of $127.95 and a 12 month high of $162.49. The firm has a market capitalization of $12.62 billion, a PE ratio of 18.48 and a beta of 0.73.

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.