Parallel Advisors LLC Invests $204,000 in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Parallel Advisors LLC acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,500 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in MGV. Global Wealth Management Investment Advisory Inc. acquired a new stake in Vanguard Mega Cap Value ETF in the 2nd quarter valued at $36,000. Vigilant Capital Management LLC bought a new position in Vanguard Mega Cap Value ETF during the 2nd quarter valued at $81,000. Asset Planning Services Ltd. lifted its stake in Vanguard Mega Cap Value ETF by 76.2% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,445 shares of the company’s stock valued at $116,000 after acquiring an additional 625 shares in the last quarter. Sandy Spring Bank bought a new position in Vanguard Mega Cap Value ETF during the 3rd quarter valued at $122,000. Finally, NEXT Financial Group Inc bought a new position in Vanguard Mega Cap Value ETF during the 2nd quarter valued at $130,000.

NYSEARCA:MGV traded up $0.26 during trading hours on Friday, hitting $84.80. 94,692 shares of the company traded hands, compared to its average volume of 116,467. The firm’s 50-day simple moving average is $81.38 and its 200-day simple moving average is $80.17. Vanguard Mega Cap Value ETF has a one year low of $66.82 and a one year high of $84.80.

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.

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Institutional Ownership by Quarter for Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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