D.A. Davidson & CO. Has $17.32 Million Stake in Vanguard Mega Cap Value ETF $MGV

D.A. Davidson & CO. lifted its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,478 shares of the company’s stock after acquiring an additional 3,671 shares during the quarter. D.A. Davidson & CO.’s holdings in Vanguard Mega Cap Value ETF were worth $17,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new position in Vanguard Mega Cap Value ETF during the 4th quarter worth approximately $26,000. Ascentis Independent Advisors bought a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter valued at $26,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at $33,000. Key Financial Inc increased its position in shares of Vanguard Mega Cap Value ETF by 511.1% during the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after buying an additional 230 shares during the period. Finally, Financial Life Planners bought a new position in Vanguard Mega Cap Value ETF during the first quarter worth $40,000.

Vanguard Mega Cap Value ETF Trading Up 0.5%

MGV stock opened at $162.70 on Friday. The stock has a 50-day moving average price of $160.02 and a 200-day moving average price of $152.42. Vanguard Mega Cap Value ETF has a 1-year low of $128.84 and a 1-year high of $166.02. The firm has a market cap of $13.12 billion, a PE ratio of 18.48 and a beta of 0.72.

About Vanguard Mega Cap Value ETF

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.