Brighton Jones LLC Makes New Investment in Vanguard Mega Cap Value ETF $MGV

Brighton Jones LLC bought a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,043 shares of the company’s stock, valued at approximately $695,000.

Several other hedge funds have also modified their holdings of MGV. Assetmark Inc. lifted its position in Vanguard Mega Cap Value ETF by 2.6% during the 2nd quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock worth $1,991,902,000 after acquiring an additional 377,584 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Vanguard Mega Cap Value ETF by 7.9% during the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after purchasing an additional 319,194 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 1,743,113 shares of the company’s stock valued at $228,634,000 after purchasing an additional 42,570 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 557.8% in the second quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after purchasing an additional 932,588 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Vanguard Mega Cap Value ETF by 29.3% during the 2nd quarter. Raymond James Financial Inc. now owns 855,215 shares of the company’s stock valued at $112,204,000 after purchasing an additional 193,776 shares in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

Shares of MGV stock opened at $142.48 on Friday. The company’s fifty day moving average price is $139.24 and its two-hundred day moving average price is $135.50. The firm has a market capitalization of $10.59 billion, a P/E ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 12 month low of $112.25 and a 12 month high of $143.07.

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.