123,875 Shares in Vanguard Mega Cap Value ETF $MGV Bought by Arax Advisory Partners

Arax Advisory Partners acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 123,875 shares of the company’s stock, valued at approximately $17,486,000. Arax Advisory Partners owned about 0.16% of Vanguard Mega Cap Value ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth $26,000. Bay Harbor Wealth Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth $33,000. Nemes Rush Group LLC bought a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter worth $34,000. Financial Life Planners bought a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter worth $37,000. Finally, Key Financial Inc grew its position in Vanguard Mega Cap Value ETF by 511.1% during the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after acquiring an additional 230 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.9%

Shares of MGV stock opened at $162.14 on Friday. The firm has a market capitalization of $12.62 billion, a P/E ratio of 18.48 and a beta of 0.73. Vanguard Mega Cap Value ETF has a twelve month low of $127.95 and a twelve month high of $162.49. The stock’s fifty day simple moving average is $153.54 and its 200 day simple moving average is $148.59.

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.