36,977 Shares in Vanguard Mega Cap Value ETF $MGV Acquired by Cornerstone Financial Management LLC

Cornerstone Financial Management LLC bought a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,977 shares of the company’s stock, valued at approximately $5,220,000. Vanguard Mega Cap Value ETF comprises approximately 4.9% of Cornerstone Financial Management LLC’s holdings, making the stock its 2nd biggest holding.

A number of other hedge funds also recently bought and sold shares of MGV. Focus Partners Wealth lifted its position in Vanguard Mega Cap Value ETF by 18.2% in the 1st quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock worth $1,387,000 after buying an additional 1,662 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Vanguard Mega Cap Value ETF by 5.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock worth $533,000 after buying an additional 192 shares during the last quarter. NewEdge Advisors LLC lifted its position in Vanguard Mega Cap Value ETF by 4.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,167 shares of the company’s stock worth $1,596,000 after buying an additional 570 shares during the last quarter. HUB Investment Partners LLC lifted its position in Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock worth $381,000 after buying an additional 214 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its position in Vanguard Mega Cap Value ETF by 13.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock worth $2,073,000 after buying an additional 1,880 shares during the last quarter.

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA:MGV opened at $162.14 on Friday. Vanguard Mega Cap Value ETF has a 1-year low of $127.95 and a 1-year high of $162.49. The business has a 50 day moving average of $153.54 and a 200 day moving average of $148.59. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73.

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