HighTower Advisors LLC Increases Stock Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

HighTower Advisors LLC boosted its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 470,111 shares of the company’s stock after purchasing an additional 6,408 shares during the quarter. HighTower Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $58,722,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Brookstone Capital Management increased its holdings in shares of Vanguard Mega Cap Value ETF by 10.9% in the 4th quarter. Brookstone Capital Management now owns 3,971 shares of the company’s stock worth $496,000 after buying an additional 389 shares during the last quarter. Principal Securities Inc. grew its holdings in Vanguard Mega Cap Value ETF by 16.5% during the 4th quarter. Principal Securities Inc. now owns 2,272 shares of the company’s stock valued at $284,000 after purchasing an additional 321 shares during the last quarter. Apollon Wealth Management LLC bought a new position in Vanguard Mega Cap Value ETF during the 4th quarter valued at about $211,000. Stratos Wealth Partners LTD. grew its holdings in Vanguard Mega Cap Value ETF by 28.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,263 shares of the company’s stock valued at $533,000 after purchasing an additional 948 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Vanguard Mega Cap Value ETF by 13.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,056 shares of the company’s stock valued at $257,000 after purchasing an additional 236 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.4 %

Shares of NYSEARCA:MGV opened at $125.64 on Friday. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 20.16 and a beta of 0.85. Vanguard Mega Cap Value ETF has a 12 month low of $113.36 and a 12 month high of $133.82. The firm’s 50-day moving average is $129.47 and its 200 day moving average is $128.70.

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.