Sequoia Financial Advisors LLC Has $79.87 Million Stake in Vanguard Mega Cap Value ETF $MGV

Sequoia Financial Advisors LLC reduced its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 565,790 shares of the company’s stock after selling 19,831 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $79,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MGV. Cornerstone Planning Group LLC bought a new position in Vanguard Mega Cap Value ETF in the third quarter valued at approximately $28,000. Root Financial Partners LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $29,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter worth $33,000. First Horizon Corp bought a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth $34,000. Finally, Nemes Rush Group LLC acquired a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at about $34,000.

Vanguard Mega Cap Value ETF Trading Up 0.8%

Shares of NYSEARCA MGV opened at $153.96 on Thursday. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73. Vanguard Mega Cap Value ETF has a 12 month low of $123.68 and a 12 month high of $154.21. The stock has a 50-day moving average price of $148.54 and a two-hundred day moving average price of $145.03.

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.