Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sees Large Volume Increase – Time to Buy?

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) saw unusually-high trading volume on Wednesday . Approximately 468,541 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 219,771 shares.The stock last traded at $128.68 and had previously closed at $129.09.

Vanguard Mega Cap Value ETF Price Performance

The company has a market cap of $8.73 billion, a P/E ratio of 20.16 and a beta of 0.85. The company has a fifty day simple moving average of $129.65 and a 200-day simple moving average of $128.78.

Institutional Trading of Vanguard Mega Cap Value ETF

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Vanguard Mega Cap Value ETF by 474.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,701 shares of the company’s stock valued at $5,209,000 after purchasing an additional 34,440 shares during the period. Centaurus Financial Inc. raised its stake in Vanguard Mega Cap Value ETF by 8.6% during the 4th quarter. Centaurus Financial Inc. now owns 33,724 shares of the company’s stock valued at $4,212,000 after purchasing an additional 2,682 shares during the period. Anchor Pointe Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $4,794,000. LifeWealth Investments LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $1,351,000. Finally, Armis Advisers LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $340,000.

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.