Meridian Wealth Management LLC Makes New $668,000 Investment in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Meridian Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 5,206 shares of the company’s stock, valued at approximately $668,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at $30,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at $34,000. Redmont Wealth Advisors LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at $35,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $40,000.

Vanguard Mega Cap Value ETF Trading Up 0.8 %

MGV stock opened at $132.26 on Monday. The company has a market capitalization of $8.20 billion, a PE ratio of 18.88 and a beta of 0.66. Vanguard Mega Cap Value ETF has a 12-month low of $103.96 and a 12-month high of $132.39. The business’s fifty day moving average price is $128.92 and its 200 day moving average price is $123.80.

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.