Arcadia Investment Advisors LLC Buys New Holdings in Vanguard Mega Cap Value ETF $MGV

Arcadia Investment Advisors LLC purchased a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 72,738 shares of the company’s stock, valued at approximately $9,543,000. Vanguard Mega Cap Value ETF comprises approximately 4.9% of Arcadia Investment Advisors LLC’s holdings, making the stock its 7th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in MGV. Stratos Wealth Partners LTD. lifted its holdings in shares of Vanguard Mega Cap Value ETF by 13.1% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,821 shares of the company’s stock worth $621,000 after purchasing an additional 558 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Vanguard Mega Cap Value ETF during the first quarter worth $71,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 79.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,702 shares of the company’s stock valued at $9,625,000 after buying an additional 33,001 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 8.7% during the second quarter. Avior Wealth Management LLC now owns 135,528 shares of the company’s stock valued at $17,783,000 after buying an additional 10,792 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its position in shares of Vanguard Mega Cap Value ETF by 3.7% during the first quarter. Silver Oak Securities Incorporated now owns 2,826 shares of the company’s stock worth $360,000 after acquiring an additional 101 shares in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

MGV opened at $138.29 on Tuesday. Vanguard Mega Cap Value ETF has a fifty-two week low of $112.25 and a fifty-two week high of $139.07. The firm has a market capitalization of $10.19 billion, a PE ratio of 18.48 and a beta of 0.86. The company’s 50-day moving average is $134.69 and its 200 day moving average is $129.66.

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.