Brookstone Capital Management Has $5.18 Million Stake in Vanguard Mega Cap Value ETF $MGV

Brookstone Capital Management grew its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 905.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,737 shares of the company’s stock after acquiring an additional 32,181 shares during the period. Brookstone Capital Management’s holdings in Vanguard Mega Cap Value ETF were worth $5,180,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth approximately $26,000. Bay Harbor Wealth Management LLC bought a new position in Vanguard Mega Cap Value ETF in the 4th quarter valued at $33,000. Nemes Rush Group LLC bought a new position in Vanguard Mega Cap Value ETF in the 3rd quarter valued at $34,000. Financial Life Planners acquired a new position in Vanguard Mega Cap Value ETF in the third quarter worth $37,000. Finally, Key Financial Inc boosted its stake in Vanguard Mega Cap Value ETF by 511.1% in the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after purchasing an additional 230 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV stock opened at $162.69 on Wednesday. The stock’s fifty day moving average is $155.70 and its 200-day moving average is $149.79. The stock has a market capitalization of $12.66 billion, a PE ratio of 18.48 and a beta of 0.73. Vanguard Mega Cap Value ETF has a 52 week low of $128.84 and a 52 week high of $164.40.

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.