Avantax Advisory Services Inc. Reduces Stock Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Avantax Advisory Services Inc. trimmed its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,204 shares of the company’s stock after selling 18,480 shares during the period. Avantax Advisory Services Inc. owned 0.30% of Vanguard Mega Cap Value ETF worth $23,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management lifted its position 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 purchasing an additional 389 shares during the period. Principal Securities Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 16.5% in the 4th quarter. Principal Securities Inc. now owns 2,272 shares of the company’s stock worth $284,000 after purchasing an additional 321 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth about $211,000. Stratos Wealth Partners LTD. lifted its position in shares of Vanguard Mega Cap Value ETF by 28.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,263 shares of the company’s stock worth $533,000 after purchasing an additional 948 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 13.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,056 shares of the company’s stock worth $257,000 after purchasing an additional 236 shares during the period.

Vanguard Mega Cap Value ETF Trading Down 1.3 %

NYSEARCA:MGV opened at $126.68 on Wednesday. The company has a 50-day moving average price of $129.43 and a 200-day moving average price of $128.74. Vanguard Mega Cap Value ETF has a 12 month low of $113.36 and a 12 month high of $133.82. The stock has a market cap of $8.58 billion, a price-to-earnings 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.