Northwestern Mutual Wealth Management Co. Cuts Stock Position in Vanguard Mega Cap Value ETF $MGV

Northwestern Mutual Wealth Management Co. lessened its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,234 shares of the company’s stock after selling 4,943 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.11% of Vanguard Mega Cap Value ETF worth $12,173,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MGV. Tucker Asset Management LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $26,000. Cornerstone Planning Group LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter valued at $28,000. Bay Harbor Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at $33,000. Nemes Rush Group LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter valued at $34,000. Finally, Financial Life Planners acquired a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter valued at $37,000.

Vanguard Mega Cap Value ETF Trading Down 0.2%

MGV opened at $157.30 on Tuesday. The company has a fifty day simple moving average of $150.89 and a 200 day simple moving average of $147.29. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73. Vanguard Mega Cap Value ETF has a twelve month low of $125.84 and a twelve month high of $158.37.

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.