Salem Investment Counselors Inc. Invests $755,000 in Vanguard Mega Cap Value ETF $MGV

Salem Investment Counselors Inc. purchased a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,346 shares of the company’s stock, valued at approximately $755,000.

Several other large investors have also bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 3rd quarter worth $28,000. Kilter Group LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $29,000. Dynamic Wealth Strategies LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter worth $30,000. Finally, First Horizon Corp bought a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth $34,000.

Vanguard Mega Cap Value ETF Stock Up 0.5%

Shares of Vanguard Mega Cap Value ETF stock opened at $145.56 on Wednesday. The business has a fifty day simple moving average of $149.21 and a 200 day simple moving average of $142.70. The stock has a market cap of $11.07 billion, a PE ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 12 month low of $112.25 and a 12 month high of $154.03.

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.