Mainsail Asset Management LLC Cuts Stock Holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Mainsail Asset Management LLC lowered its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,245 shares of the company’s stock after selling 354 shares during the period. Vanguard Mega Cap Value ETF makes up approximately 0.5% of Mainsail Asset Management LLC’s holdings, making the stock its 24th largest holding. Mainsail Asset Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MGV. LPL Financial LLC increased its position in shares of Vanguard Mega Cap Value ETF by 53.1% in the second quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock valued at $119,207,000 after acquiring an additional 348,936 shares during the period. Strategic Financial Concepts LLC increased its holdings in Vanguard Mega Cap Value ETF by 11,467.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 240,132 shares of the company’s stock valued at $28,456,000 after purchasing an additional 238,056 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $25,554,000. Sanctuary Advisors LLC bought a new position in Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $8,430,000. Finally, Cetera Investment Advisers lifted its holdings in Vanguard Mega Cap Value ETF by 335.7% in the 1st quarter. Cetera Investment Advisers now owns 75,686 shares of the company’s stock worth $9,045,000 after buying an additional 58,314 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV stock opened at $130.72 on Friday. Vanguard Mega Cap Value ETF has a fifty-two week low of $96.77 and a fifty-two week high of $131.09. The firm has a market cap of $8.10 billion, a P/E ratio of 18.88 and a beta of 0.66. The business’s 50 day moving average price is $126.62 and its 200-day moving average price is $121.41.

Vanguard Mega Cap Value ETF 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.