HighTower Advisors LLC Sells 18,505 Shares of Vanguard Mega Cap Value ETF $MGV

HighTower Advisors LLC cut its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 837,780 shares of the company’s stock after selling 18,505 shares during the quarter. HighTower Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $118,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MGV. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth about $115,536,000. Merit Financial Group LLC grew its stake in Vanguard Mega Cap Value ETF by 51.7% in the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after buying an additional 429,853 shares during the last quarter. Wellington Management Group LLP acquired a new position in Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $46,132,000. Bank of America Corp DE raised its holdings in Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after acquiring an additional 319,194 shares during the period. Finally, Assetmark Inc. raised its holdings in Vanguard Mega Cap Value ETF by 2.1% in the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after acquiring an additional 312,445 shares during the period.

Vanguard Mega Cap Value ETF Stock Down 0.0%

Shares of MGV stock opened at $154.59 on Wednesday. Vanguard Mega Cap Value ETF has a 12-month low of $124.25 and a 12-month high of $156.13. The company has a market capitalization of $12.03 billion, a PE ratio of 18.48 and a beta of 0.73. The firm has a 50 day moving average price of $149.07 and a two-hundred day moving average price of $146.05.

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.