Cetera Investment Advisers Acquires 23,428 Shares of Vanguard Mega Cap Value ETF $MGV

Cetera Investment Advisers grew its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 7.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 342,048 shares of the company’s stock after acquiring an additional 23,428 shares during the period. Cetera Investment Advisers’ holdings in Vanguard Mega Cap Value ETF were worth $49,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Valmark Advisers Inc. raised its stake in Vanguard Mega Cap Value ETF by 2.9% in the 4th quarter. Valmark Advisers Inc. now owns 2,447 shares of the company’s stock valued at $345,000 after acquiring an additional 69 shares during the period. Wealthcare Capital Partners LLC boosted its position in Vanguard Mega Cap Value ETF by 0.4% during the fourth quarter. Wealthcare Capital Partners LLC now owns 17,683 shares of the company’s stock worth $2,496,000 after purchasing an additional 76 shares during the period. Encompass Wealth Advisors LLC increased its holdings in shares of Vanguard Mega Cap Value ETF by 0.3% in the fourth quarter. Encompass Wealth Advisors LLC now owns 29,028 shares of the company’s stock valued at $4,098,000 after purchasing an additional 80 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Vanguard Mega Cap Value ETF by 3.1% in the fourth quarter. Wedbush Securities Inc. now owns 2,687 shares of the company’s stock valued at $379,000 after purchasing an additional 80 shares during the last quarter. Finally, Bowman & Co S.C. raised its position in shares of Vanguard Mega Cap Value ETF by 0.7% in the fourth quarter. Bowman & Co S.C. now owns 11,788 shares of the company’s stock valued at $1,664,000 after purchasing an additional 81 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA MGV opened at $164.21 on Friday. The firm has a 50-day moving average of $160.98 and a 200-day moving average of $153.22. The stock has a market cap of $13.24 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 52-week low of $128.84 and a 52-week high of $166.02.

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.