Marmo Financial Group LLC Sells 18,021 Shares of Vanguard Mega Cap Value ETF $MGV

Marmo Financial Group LLC reduced its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,103 shares of the company’s stock after selling 18,021 shares during the period. Vanguard Mega Cap Value ETF makes up approximately 10.0% of Marmo Financial Group LLC’s investment portfolio, making the stock its 3rd biggest position. Marmo Financial Group LLC’s holdings in Vanguard Mega Cap Value ETF were worth $20,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MGV. Visionary Wealth Advisors boosted its holdings in shares of Vanguard Mega Cap Value ETF by 1.0% in the 2nd quarter. Visionary Wealth Advisors now owns 8,107 shares of the company’s stock valued at $1,064,000 after purchasing an additional 82 shares in the last quarter. Betterment LLC raised its holdings in shares of Vanguard Mega Cap Value ETF by 3.4% during the 2nd quarter. Betterment LLC now owns 2,730 shares of the company’s stock worth $358,000 after buying an additional 90 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 100.0% during the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock worth $25,000 after buying an additional 94 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 5.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,792 shares of the company’s stock worth $247,000 after buying an additional 100 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in Vanguard Mega Cap Value ETF by 22.5% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 583 shares of the company’s stock valued at $77,000 after buying an additional 107 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Up 0.6%

Shares of NYSEARCA MGV opened at $145.53 on Friday. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 12 month low of $112.25 and a 12 month high of $145.76. The stock has a 50-day moving average price of $140.32 and a two-hundred day moving average price of $136.64.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.