Marmo Financial Group LLC Sells 1,808 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Marmo Financial Group LLC lowered its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 159,245 shares of the company’s stock after selling 1,808 shares during the quarter. Vanguard Mega Cap Value ETF makes up approximately 10.7% of Marmo Financial Group LLC’s holdings, making the stock its 4th biggest holding. Marmo Financial Group LLC’s holdings in Vanguard Mega Cap Value ETF were worth $19,887,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Vanguard Mega Cap Value ETF by 2.3% during the second quarter. Bank of Montreal Can now owns 7,660 shares of the company’s stock worth $917,000 after acquiring an additional 174 shares during the period. AQR Capital Management LLC acquired a new position in Vanguard Mega Cap Value ETF during the 2nd quarter worth $255,000. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard Mega Cap Value ETF by 59.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,743 shares of the company’s stock worth $2,458,000 after purchasing an additional 7,707 shares during the period. NewEdge Advisors LLC raised its position in Vanguard Mega Cap Value ETF by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 12,086 shares of the company’s stock valued at $1,432,000 after purchasing an additional 379 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Vanguard Mega Cap Value ETF by 10.9% in the 2nd quarter. Truist Financial Corp now owns 14,437 shares of the company’s stock valued at $1,711,000 after buying an additional 1,419 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

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

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.