Sequoia Financial Advisors LLC Sells 15,016 Shares of Vanguard Mega Cap Value ETF $MGV

Sequoia Financial Advisors LLC cut its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2.7% in the second quarter, HoldingsChannel.com reports. The fund owned 531,727 shares of the company’s stock after selling 15,016 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $86,911,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BTG Pactual Asset Management US LLC increased its stake in Vanguard Mega Cap Value ETF by 238.0% in the second quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock valued at $118,376,000 after purchasing an additional 509,956 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Vanguard Mega Cap Value ETF during the third quarter worth $46,132,000. Strategic Investment Advisors MI boosted its position in shares of Vanguard Mega Cap Value ETF by 3,318,590.0% during the fourth quarter. Strategic Investment Advisors MI now owns 331,869 shares of the company’s stock worth $46,879,000 after purchasing an additional 331,859 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after buying an additional 319,194 shares during the period. Finally, Prosperity Consulting Group LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $40,969,000.

Vanguard Mega Cap Value ETF Stock Down 0.2%

MGV opened at $166.25 on Thursday. Vanguard Mega Cap Value ETF has a 12 month low of $135.23 and a 12 month high of $169.84. The company has a fifty day simple moving average of $165.62 and a 200 day simple moving average of $157.53. The stock has a market cap of $13.41 billion, a P/E ratio of 18.48 and a beta of 0.72.

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