Grantvest Financial Group LLC Acquires Shares of 19,092 Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Grantvest Financial Group LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,092 shares of the company’s stock, valued at approximately $2,385,000. Vanguard Mega Cap Value ETF makes up approximately 2.7% of Grantvest Financial Group LLC’s portfolio, making the stock its 6th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in MGV. Wealthfront Advisers LLC grew its position in Vanguard Mega Cap Value ETF by 40,868.2% in the 4th quarter. Wealthfront Advisers LLC now owns 27,161,100 shares of the company’s stock worth $3,392,693,000 after purchasing an additional 27,094,802 shares during the period. Assetmark Inc. grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% in the fourth quarter. Assetmark Inc. now owns 14,337,204 shares of the company’s stock worth $1,790,860,000 after acquiring an additional 367,771 shares during the period. PNC Financial Services Group Inc. increased its position in Vanguard Mega Cap Value ETF by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,266,543 shares of the company’s stock valued at $158,204,000 after acquiring an additional 5,786 shares during the last quarter. LPL Financial LLC lifted its holdings in Vanguard Mega Cap Value ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 953,263 shares of the company’s stock valued at $119,072,000 after acquiring an additional 54,072 shares during the period. Finally, Black Diamond Financial LLC boosted its position in Vanguard Mega Cap Value ETF by 1.6% in the fourth quarter. Black Diamond Financial LLC now owns 701,296 shares of the company’s stock worth $87,599,000 after purchasing an additional 11,158 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Down 0.4 %

Vanguard Mega Cap Value ETF stock opened at $128.52 on Monday. The business has a 50-day simple moving average of $129.90 and a two-hundred day simple moving average of $128.83. Vanguard Mega Cap Value ETF has a 52-week low of $113.36 and a 52-week high of $133.82. The company has a market cap of $8.71 billion, a P/E ratio of 20.16 and a beta of 0.85.

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.