Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Stake Lessened by LPL Financial LLC

LPL Financial LLC decreased its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899,191 shares of the company’s stock after selling 106,778 shares during the period. LPL Financial LLC’s holdings in Vanguard Mega Cap Value ETF were worth $115,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MGV. Assetmark Inc. raised its stake in shares of Vanguard Mega Cap Value ETF by 4.1% in the 3rd quarter. Assetmark Inc. now owns 13,969,433 shares of the company’s stock worth $1,791,999,000 after buying an additional 548,728 shares in the last quarter. Strategic Financial Concepts LLC raised its position in Vanguard Mega Cap Value ETF by 11,467.1% in the second quarter. Strategic Financial Concepts LLC now owns 240,132 shares of the company’s stock worth $28,456,000 after acquiring an additional 238,056 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $25,554,000. MFA Wealth Advisors LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $13,336,000. Finally, Marmo Financial Group LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 92.5% in the 3rd quarter. Marmo Financial Group LLC now owns 161,053 shares of the company’s stock worth $20,660,000 after purchasing an additional 77,368 shares during the last quarter.

Vanguard Mega Cap Value ETF Price Performance

MGV stock opened at $132.26 on Friday. The firm has a market cap of $8.20 billion, a PE ratio of 18.88 and a beta of 0.66. Vanguard Mega Cap Value ETF has a 12 month low of $103.96 and a 12 month high of $132.39. The firm has a 50 day simple moving average of $128.92 and a 200 day simple moving average of $123.71.

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.