TFB Advisors LLC Decreases Position in Vanguard Mega Cap Value ETF $MGV

TFB Advisors LLC cut its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 21.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,710 shares of the company’s stock after selling 17,582 shares during the quarter. Vanguard Mega Cap Value ETF makes up approximately 2.6% of TFB Advisors LLC’s holdings, making the stock its 4th biggest position. TFB Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $8,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in Vanguard Mega Cap Value ETF by 18.2% during the first quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock valued at $1,387,000 after purchasing an additional 1,662 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Vanguard Mega Cap Value ETF by 37.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 149,110 shares of the company’s stock valued at $19,563,000 after purchasing an additional 40,769 shares during the period. Simplicity Wealth LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at $2,262,000. Kickstand Ventures LLC. bought a new position in Vanguard Mega Cap Value ETF in the 2nd quarter worth $14,979,000. Finally, Merit Financial Group LLC increased its stake in Vanguard Mega Cap Value ETF by 8.6% in the 2nd quarter. Merit Financial Group LLC now owns 639,168 shares of the company’s stock worth $83,859,000 after buying an additional 50,431 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.3%

NYSEARCA:MGV opened at $148.20 on Monday. The business’s 50-day simple moving average is $143.04 and its two-hundred day simple moving average is $138.22. Vanguard Mega Cap Value ETF has a 52 week low of $112.25 and a 52 week high of $148.39. The stock has a market cap of $11.27 billion, a PE ratio of 18.48 and a beta of 0.80.

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.