Vanguard Mega Cap Value ETF (NYSEARCA:MGV) is Marmo Financial Group LLC’s 4th Largest Position

Marmo Financial Group LLC cut its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,245 shares of the company’s stock after selling 1,808 shares during the quarter. Vanguard Mega Cap Value ETF comprises approximately 10.7% of Marmo Financial Group LLC’s investment portfolio, making the stock its 4th biggest position. Marmo Financial Group LLC owned about 0.26% of Vanguard Mega Cap Value ETF worth $19,887,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV acquired a new stake in Vanguard Mega Cap Value ETF during the third quarter worth $36,000. CENTRAL TRUST Co purchased a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $40,000. Angeles Wealth Management LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at about $46,000. WFA Asset Management Corp boosted its stake in Vanguard Mega Cap Value ETF by 93.5% during the third quarter. WFA Asset Management Corp now owns 474 shares of the company’s stock worth $61,000 after buying an additional 229 shares during the period. Finally, Concourse Financial Group Securities Inc. increased its position in shares of Vanguard Mega Cap Value ETF by 65.2% during the third quarter. Concourse Financial Group Securities Inc. now owns 570 shares of the company’s stock valued at $73,000 after acquiring an additional 225 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Vanguard Mega Cap Value ETF stock opened at $130.76 on Friday. The company’s 50 day simple moving average is $128.38 and its 200-day simple moving average is $126.97. Vanguard Mega Cap Value ETF has a 1 year low of $110.66 and a 1 year high of $133.82. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 18.88 and a beta of 0.66.

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.