Focus Financial Network Inc. Grows Position in Vanguard Mega Cap Value ETF $MGV

Focus Financial Network Inc. increased its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 147.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,587 shares of the company’s stock after buying an additional 8,695 shares during the quarter. Focus Financial Network Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $2,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Merit Financial Group LLC lifted its stake in Vanguard Mega Cap Value ETF by 51.7% during the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after acquiring an additional 429,853 shares during the period. Wellington Management Group LLP bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth approximately $46,132,000. Strategic Investment Advisors MI raised its holdings in shares of Vanguard Mega Cap Value ETF by 3,318,590.0% during the fourth quarter. Strategic Investment Advisors MI now owns 331,869 shares of the company’s stock valued at $46,879,000 after purchasing an additional 331,859 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% during the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after purchasing an additional 319,194 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Vanguard Mega Cap Value ETF by 2.1% during the fourth quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after purchasing an additional 312,445 shares during the period.

Vanguard Mega Cap Value ETF Trading Up 0.3%

Shares of MGV stock opened at $167.30 on Tuesday. Vanguard Mega Cap Value ETF has a 12-month low of $130.86 and a 12-month high of $167.45. The firm’s 50 day moving average is $162.86 and its 200 day moving average is $154.80. The stock has a market capitalization of $13.49 billion, a P/E 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.