Integrated Wealth Concepts LLC Cuts Holdings in Vanguard Mega Cap Value ETF $MGV

Integrated Wealth Concepts LLC reduced its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 56.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,682 shares of the company’s stock after selling 7,272 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Vanguard Mega Cap Value ETF were worth $929,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MGV. NewEdge Advisors LLC increased its position in shares of Vanguard Mega Cap Value ETF by 18.8% during the second quarter. NewEdge Advisors LLC now owns 10,863 shares of the company’s stock worth $1,776,000 after acquiring an additional 1,717 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Vanguard Mega Cap Value ETF by 1.0% in the second quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock valued at $63,291,000 after purchasing an additional 3,737 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Vanguard Mega Cap Value ETF by 28.3% in the second quarter. Waverly Advisors LLC now owns 145,484 shares of the company’s stock valued at $23,779,000 after purchasing an additional 32,081 shares during the last quarter. Range Advisory LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $345,000. Finally, Cornerstone Financial Management LLC grew its stake in Vanguard Mega Cap Value ETF by 1.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 37,580 shares of the company’s stock valued at $6,142,000 after purchasing an additional 481 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $164.43 on Friday. The company has a market capitalization of $13.26 billion, a P/E ratio of 18.48 and a beta of 0.72. The company has a 50-day moving average of $165.81 and a 200-day moving average of $158.11. Vanguard Mega Cap Value ETF has a 1-year low of $135.26 and a 1-year high of $169.84.

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.