Avid Wealth Partners LLC Buys 5,144 Shares of Vanguard Mega Cap Value ETF $MGV

Avid Wealth Partners LLC raised its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 100,874 shares of the company’s stock after buying an additional 5,144 shares during the period. Vanguard Mega Cap Value ETF accounts for approximately 6.9% of Avid Wealth Partners LLC’s investment portfolio, making the stock its 3rd largest position. Avid Wealth Partners LLC’s holdings in Vanguard Mega Cap Value ETF were worth $14,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. boosted its position in shares of Vanguard Mega Cap Value ETF by 2.1% during the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after acquiring an additional 312,445 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% in the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after purchasing an additional 319,194 shares during the period. Ameriprise Financial Inc. increased its position in Vanguard Mega Cap Value ETF by 17.2% during the third quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock worth $281,261,000 after purchasing an additional 298,993 shares during the last quarter. UBS Group AG increased its position in Vanguard Mega Cap Value ETF by 2.6% during the fourth quarter. UBS Group AG now owns 1,799,402 shares of the company’s stock worth $254,004,000 after purchasing an additional 45,410 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in Vanguard Mega Cap Value ETF by 51.7% during the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after purchasing an additional 429,853 shares during the period.

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA:MGV opened at $163.60 on Friday. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The company’s 50-day moving average is $159.24 and its two-hundred day moving average is $151.77. Vanguard Mega Cap Value ETF has a 1-year low of $128.84 and a 1-year high of $166.02.

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.