Sequoia Financial Advisors LLC Sells 29,589 Shares of Vanguard Mega Cap Value ETF $MGV

Sequoia Financial Advisors LLC cut its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 585,621 shares of the company’s stock after selling 29,589 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $80,663,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MGV. AllGen Financial Advisors Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 11.4% during the third quarter. AllGen Financial Advisors Inc. now owns 157,168 shares of the company’s stock valued at $21,648,000 after buying an additional 16,111 shares during the last quarter. SOL Capital Management CO boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.3% in the third quarter. SOL Capital Management CO now owns 120,438 shares of the company’s stock worth $16,589,000 after buying an additional 2,699 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of Vanguard Mega Cap Value ETF by 3.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 169,269 shares of the company’s stock worth $23,434,000 after buying an additional 5,553 shares during the period. First National Advisers LLC lifted its holdings in Vanguard Mega Cap Value ETF by 30.2% during the third quarter. First National Advisers LLC now owns 6,460 shares of the company’s stock valued at $890,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in Vanguard Mega Cap Value ETF by 2.8% in the 3rd quarter. Richardson Financial Services Inc. now owns 4,589 shares of the company’s stock valued at $632,000 after purchasing an additional 126 shares in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

MGV opened at $146.87 on Friday. The company’s 50 day simple moving average is $141.24 and its two-hundred day simple moving average is $137.16. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 1-year low of $112.25 and a 1-year high of $147.18.

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.