Independent Financial Group LLC Buys Shares of 17,174 Vanguard Mega Cap Value ETF $MGV

Independent Financial Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,174 shares of the company’s stock, valued at approximately $2,489,000.

A number of other hedge funds have also recently modified their holdings of MGV. Focus Partners Wealth boosted its holdings in Vanguard Mega Cap Value ETF by 18.2% during the 1st quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock valued at $1,387,000 after acquiring an additional 1,662 shares during the period. Russell Investments Group Ltd. grew 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 valued at $533,000 after acquiring an additional 192 shares during the last quarter. NewEdge Advisors LLC increased its stake in Vanguard Mega Cap Value ETF by 4.9% in the second quarter. NewEdge Advisors LLC now owns 12,167 shares of the company’s stock worth $1,596,000 after purchasing an additional 570 shares during the period. HUB Investment Partners LLC increased its stake in Vanguard Mega Cap Value ETF by 7.9% in the second quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock worth $381,000 after purchasing an additional 214 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 13.6% during the second quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock worth $2,073,000 after purchasing an additional 1,880 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.5%

NYSEARCA:MGV opened at $161.83 on Friday. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a twelve month low of $128.84 and a twelve month high of $166.02. The stock has a fifty day simple moving average of $160.18 and a 200-day simple moving average of $152.48.

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.