Vanguard Mega Cap Value ETF $MGV Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 138,288 shares of the company’s stock after selling 7,899 shares during the period. Harbour Investments Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $19,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MGV. Merit Financial Group LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 51.7% during the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after acquiring an additional 429,853 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter valued at approximately $46,132,000. Bank of America Corp DE increased its stake in shares of Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after purchasing an additional 319,194 shares in the last quarter. Assetmark Inc. increased its stake in shares of Vanguard Mega Cap Value ETF by 2.1% during the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock worth $2,178,196,000 after purchasing an additional 312,445 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in shares of Vanguard Mega Cap Value ETF by 16,126.7% during the 4th quarter. SteelPeak Wealth LLC now owns 304,412 shares of the company’s stock worth $42,971,000 after purchasing an additional 302,536 shares in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

Shares of MGV opened at $156.96 on Tuesday. The firm has a 50 day simple moving average of $149.77 and a 200-day simple moving average of $146.59. Vanguard Mega Cap Value ETF has a 1-year low of $124.25 and a 1-year high of $157.46. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73.

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.