PFG Private Wealth Management LLC Reduces Stock Holdings in Vanguard Mega Cap Value ETF $MGV

PFG Private Wealth Management LLC cut its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 11.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 65,983 shares of the company’s stock after selling 8,626 shares during the period. Vanguard Mega Cap Value ETF makes up approximately 4.6% of PFG Private Wealth Management LLC’s holdings, making the stock its 11th biggest holding. PFG Private Wealth Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $10,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Amara Financial LLC. grew its holdings in Vanguard Mega Cap Value ETF by 8.6% during the 4th quarter. Amara Financial LLC. now owns 57,216 shares of the company’s stock valued at $8,077,000 after purchasing an additional 4,520 shares in the last quarter. Matthew Goff Investment Advisor LLC purchased a new stake in Vanguard Mega Cap Value ETF during the 1st quarter worth $1,597,000. Florida Financial Advisors LLC lifted its holdings in Vanguard Mega Cap Value ETF by 26.1% in the 4th quarter. Florida Financial Advisors LLC now owns 16,207 shares of the company’s stock worth $2,288,000 after buying an additional 3,353 shares in the last quarter. Pure Financial Advisors LLC lifted its holdings in Vanguard Mega Cap Value ETF by 1.3% in the 4th quarter. Pure Financial Advisors LLC now owns 296,940 shares of the company’s stock worth $41,916,000 after buying an additional 3,779 shares in the last quarter. Finally, Petredis Investment Advisors LLC boosted its position in Vanguard Mega Cap Value ETF by 1.0% in the 1st quarter. Petredis Investment Advisors LLC now owns 367,428 shares of the company’s stock valued at $53,259,000 after buying an additional 3,754 shares during the last quarter.

Vanguard Mega Cap Value ETF Price Performance

Shares of Vanguard Mega Cap Value ETF stock opened at $166.47 on Wednesday. The business has a 50-day moving average of $165.14 and a 200-day moving average of $156.90. The company has a market capitalization of $13.42 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 1-year low of $133.33 and a 1-year high of $169.84.

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.