Sowell Financial Services LLC Sells 39,514 Shares of Vanguard Mega Cap Value ETF $MGV

Sowell Financial Services LLC lessened its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 79.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,348 shares of the company’s stock after selling 39,514 shares during the quarter. Sowell Financial Services LLC’s holdings in Vanguard Mega Cap Value ETF were worth $1,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kentucky Trust Co bought a new stake in Vanguard Mega Cap Value ETF in the 2nd quarter valued at about $29,000. Ascentis Independent Advisors bought a new position in Vanguard Mega Cap Value ETF in the first quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in Vanguard Mega Cap Value ETF in the third quarter worth approximately $33,000. Adirondack Trust Co. bought a new position in Vanguard Mega Cap Value ETF in the third quarter worth approximately $34,000. Finally, Bullseye Investment Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the second quarter valued at approximately $40,000.

Vanguard Mega Cap Value ETF Stock Performance

Shares of Vanguard Mega Cap Value ETF stock opened at $169.00 on Friday. The stock has a market capitalization of $14.14 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 52 week low of $135.48 and a 52 week high of $170.56. The stock has a 50 day moving average price of $165.56 and a two-hundred day moving average price of $157.77.

About Vanguard Mega Cap Value ETF

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.