Center For Asset Management LLC Sells 6,465 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

by · The Cerbat Gem

Center For Asset Management LLC lowered its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Free Report) by 11.5% during the third quarter, Holdings Channel reports. The fund owned 49,872 shares of the company’s stock after selling 6,465 shares during the quarter. Vanguard Mega Cap Value ETF makes up 5.0% of Center For Asset Management LLC’s holdings, making the stock its 5th largest holding. Center For Asset Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $5,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MGV. Moneta Group Investment Advisors LLC grew its position in Vanguard Mega Cap Value ETF by 102,564.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,950,190 shares of the company’s stock valued at $1,126,227,000 after buying an additional 10,939,524 shares during the period. Morgan Stanley grew its position in Vanguard Mega Cap Value ETF by 3.8% during the fourth quarter. Morgan Stanley now owns 2,443,739 shares of the company’s stock valued at $251,339,000 after buying an additional 90,301 shares during the period. Lincoln National Corp grew its position in Vanguard Mega Cap Value ETF by 2.9% during the second quarter. Lincoln National Corp now owns 1,876,976 shares of the company’s stock valued at $194,755,000 after buying an additional 53,538 shares during the period. Envestnet Asset Management Inc. grew its position in Vanguard Mega Cap Value ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,806,594 shares of the company’s stock valued at $187,452,000 after buying an additional 129,070 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Vanguard Mega Cap Value ETF by 4.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,467,735 shares of the company’s stock valued at $152,292,000 after buying an additional 61,739 shares during the period.

Vanguard Mega Cap Value ETF Stock Down 0.6 %

Shares of NYSEARCA MGV traded down $0.66 during trading on Tuesday, hitting $109.66. The company had a trading volume of 107,143 shares, compared to its average volume of 173,999. The stock has a fifty day simple moving average of $105.60 and a two-hundred day simple moving average of $104.31. Vanguard Mega Cap Value ETF has a fifty-two week low of $96.12 and a fifty-two week high of $110.38. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.80 and a beta of 0.86.

Vanguard Mega Cap Value ETF Profile

(Free Report)

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.

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