Bright Futures Wealth Management LLC. Purchases Shares of 4,344 Vanguard Mega Cap Value ETF $MGV

Bright Futures Wealth Management LLC. purchased a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the 3rd quarter, HoldingsChannel reports. The fund purchased 4,344 shares of the company’s stock, valued at approximately $598,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MGV. Cornerstone Planning Group LLC bought a new stake in Vanguard Mega Cap Value ETF during the third quarter valued at $28,000. Root Financial Partners LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $29,000. Kilter Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at about $29,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the second quarter worth about $30,000. Finally, First Horizon Corp purchased a new position in shares of Vanguard Mega Cap Value ETF during the third quarter worth about $34,000.

Vanguard Mega Cap Value ETF Price Performance

Shares of MGV opened at $153.11 on Monday. The firm’s 50 day simple moving average is $147.68 and its 200 day simple moving average is $141.10. The company has a market capitalization of $11.65 billion, a P/E ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 1-year low of $112.25 and a 1-year high of $154.03.

Vanguard Mega Cap Value ETF 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.