Partners Wealth Management LLC Purchases New Stake in Vanguard Mega Cap Value ETF $MGV

Partners Wealth Management LLC purchased a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 3rd quarter, Holdings Channel reports. The fund purchased 41,856 shares of the company’s stock, valued at approximately $6,743,000. Vanguard Mega Cap Value ETF makes up 0.7% of Partners Wealth Management LLC’s holdings, making the stock its 27th biggest position.

A number of other institutional investors have also recently modified their holdings of MGV. Ascentis Independent Advisors acquired a new position in Vanguard Mega Cap Value ETF during the first quarter worth $26,000. Kentucky Trust Co purchased a new position in Vanguard Mega Cap Value ETF in the second quarter worth $29,000. Root Financial Partners LLC purchased a new position in Vanguard Mega Cap Value ETF in the third quarter worth $33,000. Adirondack Trust Co. acquired a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at $34,000. Finally, Balance Wealth Partners LLC acquired a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at $36,000.

Vanguard Mega Cap Value ETF Stock Performance

Shares of NYSEARCA MGV opened at $169.83 on Friday. The firm has a market capitalization of $14.21 billion, a P/E ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a one year low of $135.48 and a one year high of $169.85. The company’s fifty day moving average is $165.53 and its two-hundred day moving average is $157.65.

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.