Means Investment CO. Inc. Cuts Stock Position in Vanguard Mega Cap Value ETF $MGV

Means Investment CO. Inc. lessened its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 163,407 shares of the company’s stock after selling 9,249 shares during the period. Vanguard Mega Cap Value ETF accounts for approximately 2.0% of Means Investment CO. Inc.’s holdings, making the stock its 13th biggest position. Means Investment CO. Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $21,439,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MGV. Assetmark Inc. grew its position in shares of Vanguard Mega Cap Value ETF by 3.3% during the first quarter. Assetmark Inc. now owns 14,804,596 shares of the company’s stock worth $1,907,424,000 after purchasing an additional 467,392 shares in the last quarter. Praetorian Wealth Management Inc. purchased a new stake in Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $41,516,000. Pure Financial Advisors LLC purchased a new stake in Vanguard Mega Cap Value ETF during the 1st quarter valued at approximately $36,389,000. HighTower Advisors LLC grew its holdings in Vanguard Mega Cap Value ETF by 51.6% during the 1st quarter. HighTower Advisors LLC now owns 712,570 shares of the company’s stock valued at $91,807,000 after buying an additional 242,459 shares in the last quarter. Finally, Kickstand Ventures LLC. purchased a new stake in Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $14,979,000.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $135.26 on Friday. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 18.48 and a beta of 0.86. The company has a fifty day moving average of $135.17 and a 200 day moving average of $129.88. Vanguard Mega Cap Value ETF has a fifty-two week low of $112.25 and a fifty-two week high of $139.07.

Vanguard Mega Cap Value ETF Company 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.