Vanguard Mega Cap Value ETF $MGV Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,786 shares of the company’s stock after selling 2,276 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Vanguard Mega Cap Value ETF were worth $3,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its position in Vanguard Mega Cap Value ETF by 13.1% during the first quarter. Stratos Wealth Partners LTD. now owns 4,821 shares of the company’s stock valued at $621,000 after buying an additional 558 shares during the period. Golden State Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF during the first quarter valued at $71,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Vanguard Mega Cap Value ETF by 79.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,702 shares of the company’s stock valued at $9,625,000 after purchasing an additional 33,001 shares during the period. Avior Wealth Management LLC grew its position in shares of Vanguard Mega Cap Value ETF by 8.7% in the second quarter. Avior Wealth Management LLC now owns 135,528 shares of the company’s stock valued at $17,783,000 after purchasing an additional 10,792 shares during the period. Finally, Silver Oak Securities Incorporated grew its position in shares of Vanguard Mega Cap Value ETF by 3.7% in the first quarter. Silver Oak Securities Incorporated now owns 2,826 shares of the company’s stock valued at $360,000 after purchasing an additional 101 shares during the period.

Vanguard Mega Cap Value ETF Stock Up 0.5%

Shares of NYSEARCA MGV opened at $138.40 on Friday. The company’s 50-day simple moving average is $134.58 and its 200-day simple moving average is $129.59. Vanguard Mega Cap Value ETF has a 52-week low of $112.25 and a 52-week high of $139.07. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 18.48 and a beta of 0.86.

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.