Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Stock Position Raised by Means Investment CO. Inc.

Means Investment CO. Inc. boosted its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 6.4% during the third quarter, Holdings Channel.com reports. The fund owned 507,550 shares of the company’s stock after acquiring an additional 30,393 shares during the period. Vanguard Mega Cap Value ETF accounts for 7.2% of Means Investment CO. Inc.’s investment portfolio, making the stock its 4th largest holding. Means Investment CO. Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $65,108,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MGV. International Assets Investment Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the second quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter worth about $34,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the second quarter worth about $35,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Vanguard Mega Cap Value ETF in the third quarter valued at approximately $36,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 84.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 435 shares of the company’s stock valued at $52,000 after buying an additional 199 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

MGV stock opened at $130.72 on Friday. The company has a 50 day moving average price of $126.62 and a two-hundred day moving average price of $121.41. The stock has a market capitalization of $8.10 billion, a P/E ratio of 18.88 and a beta of 0.66. Vanguard Mega Cap Value ETF has a one year low of $96.77 and a one year high of $131.09.

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.