Florida Financial Advisors LLC Increases Stock Position in Vanguard Mega Cap Value ETF $MGV

Florida Financial Advisors LLC lifted its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 20.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,485 shares of the company’s stock after buying an additional 3,278 shares during the period. Florida Financial Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $2,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ascentis Independent Advisors acquired a new position in Vanguard Mega Cap Value ETF in the first quarter valued at $26,000. Tucker Asset Management LLC acquired a new stake in Vanguard Mega Cap Value ETF during the fourth quarter worth about $26,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth about $33,000. Key Financial Inc raised its holdings in shares of Vanguard Mega Cap Value ETF by 511.1% in the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after purchasing an additional 230 shares during the period. Finally, Financial Life Planners purchased a new position in shares of Vanguard Mega Cap Value ETF in the 1st quarter worth about $40,000.

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA MGV opened at $161.04 on Tuesday. Vanguard Mega Cap Value ETF has a 1-year low of $128.84 and a 1-year high of $166.02. The firm has a market capitalization of $12.99 billion, a P/E ratio of 18.48 and a beta of 0.72. The business’s 50-day simple moving average is $160.31 and its 200-day simple moving average is $152.69.

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.