MONECO Advisors LLC Reduces Stock Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

MONECO Advisors LLC reduced its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,956 shares of the company’s stock after selling 1,385 shares during the period. MONECO Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $2,992,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of Vanguard Mega Cap Value ETF by 4.1% during the third quarter. Assetmark Inc. now owns 13,969,433 shares of the company’s stock worth $1,791,999,000 after purchasing an additional 548,728 shares during the period. PNC Financial Services Group Inc. raised its stake in Vanguard Mega Cap Value ETF by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,260,757 shares of the company’s stock worth $161,730,000 after buying an additional 11,338 shares in the last quarter. Black Diamond Financial LLC raised its stake in Vanguard Mega Cap Value ETF by 11.9% in the third quarter. Black Diamond Financial LLC now owns 690,138 shares of the company’s stock worth $88,537,000 after buying an additional 73,246 shares in the last quarter. Merit Financial Group LLC raised its stake in Vanguard Mega Cap Value ETF by 7.8% in the fourth quarter. Merit Financial Group LLC now owns 582,474 shares of the company’s stock worth $72,757,000 after buying an additional 42,119 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in Vanguard Mega Cap Value ETF in the third quarter worth about $59,884,000.

Vanguard Mega Cap Value ETF Price Performance

MGV stock opened at $130.90 on Friday. Vanguard Mega Cap Value ETF has a 1 year low of $113.36 and a 1 year high of $133.82. The company has a market cap of $8.79 billion, a P/E ratio of 20.60 and a beta of 0.86. The firm has a 50-day moving average of $128.42 and a 200 day moving average of $128.07.

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.