Wealthfront Advisers LLC Raises Stake in Vanguard Mega Cap Value ETF $MGV

Wealthfront Advisers LLC lifted its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 7.6% during the first quarter, HoldingsChannel reports. The firm owned 69,186 shares of the company’s stock after purchasing an additional 4,872 shares during the period. Wealthfront Advisers LLC’s holdings in Vanguard Mega Cap Value ETF were worth $10,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Breakwater Capital Group boosted its holdings in shares of Vanguard Mega Cap Value ETF by 11.4% in the fourth quarter. Breakwater Capital Group now owns 146,115 shares of the company’s stock valued at $20,626,000 after purchasing an additional 14,981 shares during the period. Amara Financial LLC. increased its holdings in Vanguard Mega Cap Value ETF by 8.6% during the 4th quarter. Amara Financial LLC. now owns 57,216 shares of the company’s stock worth $8,077,000 after purchasing an additional 4,520 shares during the period. Sheridan Capital Management LLC increased its holdings in Vanguard Mega Cap Value ETF by 4.3% during the 4th quarter. Sheridan Capital Management LLC now owns 144,775 shares of the company’s stock worth $20,437,000 after purchasing an additional 6,035 shares during the period. Colorado Capital Management Inc. increased its holdings in Vanguard Mega Cap Value ETF by 18.7% during the 4th quarter. Colorado Capital Management Inc. now owns 45,428 shares of the company’s stock worth $6,413,000 after purchasing an additional 7,160 shares during the period. Finally, Oxinas Partners LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $1,040,000.

Vanguard Mega Cap Value ETF Stock Down 0.5%

Shares of NYSEARCA MGV opened at $161.83 on Friday. Vanguard Mega Cap Value ETF has a twelve month low of $128.84 and a twelve month high of $166.02. The firm has a market cap of $13.05 billion, a PE ratio of 18.48 and a beta of 0.72. The business has a fifty day simple moving average of $160.18 and a two-hundred day simple moving average of $152.48.

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.