Sequoia Financial Advisors LLC Sells 19,047 Shares of Vanguard Mega Cap Value ETF $MGV

Sequoia Financial Advisors LLC reduced its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.4% during the 1st quarter, Holdings Channel reports. The firm owned 546,743 shares of the company’s stock after selling 19,047 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $79,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at about $26,000. Ascentis Independent Advisors acquired a new stake in Vanguard Mega Cap Value ETF in the 1st quarter valued at approximately $26,000. Bay Harbor Wealth Management LLC bought a new stake in Vanguard Mega Cap Value ETF in the 4th quarter valued at approximately $33,000. Key Financial Inc lifted its position in shares of Vanguard Mega Cap Value ETF by 511.1% in the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after purchasing an additional 230 shares in the last quarter. Finally, Financial Life Planners bought a new stake in Vanguard Mega Cap Value ETF during the first quarter worth about $40,000.

Vanguard Mega Cap Value ETF Trading Up 0.2%

Shares of NYSEARCA:MGV traded up $0.40 during trading on Friday, hitting $163.60. 186,570 shares of the company were exchanged, compared to its average volume of 269,196. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a fifty-two week low of $128.84 and a fifty-two week high of $166.02. The firm has a fifty day moving average price of $159.24 and a two-hundred day moving average price of $151.77.

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.