Gateway Wealth Partners LLC Invests $11.73 Million in Vanguard Mega Cap Value ETF $MGV

Gateway Wealth Partners LLC bought a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,939 shares of the company’s stock, valued at approximately $11,732,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Waverly Advisors LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 1.3% in the 1st quarter. Waverly Advisors LLC now owns 113,403 shares of the company’s stock valued at $16,438,000 after purchasing an additional 1,504 shares during the period. Lido Advisors LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 2.8% during the 1st quarter. Lido Advisors LLC now owns 26,999 shares of the company’s stock worth $3,914,000 after buying an additional 747 shares during the period. Cetera Investment Advisers boosted its stake in Vanguard Mega Cap Value ETF by 7.4% in the 1st quarter. Cetera Investment Advisers now owns 342,048 shares of the company’s stock valued at $49,580,000 after buying an additional 23,428 shares in the last quarter. Marin Bay Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Value ETF in the 1st quarter valued at $652,000. Finally, Pacific Sun Financial Corp grew its position in Vanguard Mega Cap Value ETF by 8.0% in the first quarter. Pacific Sun Financial Corp now owns 1,617 shares of the company’s stock valued at $234,000 after acquiring an additional 120 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

Shares of NYSEARCA MGV opened at $164.21 on Monday. Vanguard Mega Cap Value ETF has a 52-week low of $128.84 and a 52-week high of $166.02. The business has a fifty day moving average of $160.98 and a two-hundred day moving average of $153.29. The stock has a market cap of $13.24 billion, a PE 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.