Salem Investment Counselors Inc. Purchases New Position in Vanguard Mega Cap Value ETF $MGV

Salem Investment Counselors Inc. acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the 4th quarter, Holdings Channel reports. The fund acquired 5,346 shares of the company’s stock, valued at approximately $755,000.

A number of other institutional investors have also recently bought and sold shares of the company. Silverlake Wealth Management LLC raised its holdings in Vanguard Mega Cap Value ETF by 0.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 23,721 shares of the company’s stock worth $3,348,000 after purchasing an additional 183 shares during the period. SG Americas Securities LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at $613,000. Breakwater Capital Group increased its position in shares of Vanguard Mega Cap Value ETF by 11.4% in the 4th quarter. Breakwater Capital Group now owns 146,115 shares of the company’s stock valued at $20,626,000 after buying an additional 14,981 shares in the last quarter. Gladwyn Financial Advisors Inc. increased its position in shares of Vanguard Mega Cap Value ETF by 4.8% in the 4th quarter. Gladwyn Financial Advisors Inc. now owns 58,427 shares of the company’s stock valued at $8,248,000 after buying an additional 2,652 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Vanguard Mega Cap Value ETF by 8.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 83,514 shares of the company’s stock worth $12,122,000 after buying an additional 6,807 shares during the period.

Vanguard Mega Cap Value ETF Trading Up 0.5%

Shares of Vanguard Mega Cap Value ETF stock opened at $145.56 on Wednesday. The stock’s fifty day simple moving average is $149.21 and its 200 day simple moving average is $142.70. The company has a market capitalization of $11.07 billion, a PE ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 12 month low of $112.25 and a 12 month high of $154.03.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.