Cornerstone Financial Management LLC Invests $5.22 Million in Vanguard Mega Cap Value ETF $MGV

Cornerstone Financial Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,977 shares of the company’s stock, valued at approximately $5,220,000. Vanguard Mega Cap Value ETF makes up about 4.9% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Vanguard Mega Cap Value ETF by 12.4% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 113,170 shares of the company’s stock worth $15,588,000 after purchasing an additional 12,507 shares in the last quarter. Breakwater Capital Group grew its holdings in shares of Vanguard Mega Cap Value ETF by 11.4% during the fourth quarter. Breakwater Capital Group now owns 146,115 shares of the company’s stock worth $20,626,000 after purchasing an additional 14,981 shares in the last quarter. Amara Financial LLC. grew its holdings in shares of Vanguard Mega Cap Value ETF by 8.6% during the fourth quarter. Amara Financial LLC. now owns 57,216 shares of the company’s stock worth $8,077,000 after purchasing an additional 4,520 shares in the last quarter. Sheridan Capital Management LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 4.3% during the fourth quarter. Sheridan Capital Management LLC now owns 144,775 shares of the company’s stock worth $20,437,000 after purchasing an additional 6,035 shares in the last quarter. Finally, Colorado Capital Management Inc. grew its holdings in shares of Vanguard Mega Cap Value ETF by 18.7% during the fourth quarter. Colorado Capital Management Inc. now owns 45,428 shares of the company’s stock worth $6,413,000 after purchasing an additional 7,160 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Up 0.9%

Shares of NYSEARCA MGV opened at $162.14 on Friday. Vanguard Mega Cap Value ETF has a 12 month low of $127.95 and a 12 month high of $162.49. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73. The business has a 50-day moving average of $153.54 and a 200-day moving average of $148.59.

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.