Vanguard Mega Cap Value ETF $MGV Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,365 shares of the company’s stock after selling 5,299 shares during the period. EverSource Wealth Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $4,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MGV. Vantagepoint Investment Advisers LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at approximately $115,536,000. Merit Financial Group LLC boosted its stake in Vanguard Mega Cap Value ETF by 51.7% in the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after acquiring an additional 429,853 shares during the period. Wellington Management Group LLP acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at approximately $46,132,000. Bank of America Corp DE boosted its stake in 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 acquiring an additional 319,194 shares during the period. Finally, Assetmark Inc. boosted its stake in Vanguard Mega Cap Value ETF by 2.1% in the fourth 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 period.

Vanguard Mega Cap Value ETF Stock Up 0.8%

Shares of MGV stock opened at $156.96 on Friday. The business has a 50 day moving average of $149.55 and a two-hundred day moving average of $146.38. Vanguard Mega Cap Value ETF has a 52 week low of $124.25 and a 52 week high of $157.46. The company has a market cap of $12.21 billion, a P/E ratio of 18.48 and a beta of 0.73.

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.