MAI Capital Management Has $3.26 Million Position in Vanguard Mega Cap Value ETF $MGV

MAI Capital Management lessened its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 24,852 shares of the company’s stock after selling 875 shares during the quarter. MAI Capital Management’s holdings in Vanguard Mega Cap Value ETF were worth $3,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MGV. Addison Advisors LLC boosted its holdings in Vanguard Mega Cap Value ETF by 9.9% in the 2nd quarter. Addison Advisors LLC now owns 4,265 shares of the company’s stock valued at $560,000 after purchasing an additional 385 shares during the period. Avior Wealth Management LLC raised its position in shares of Vanguard Mega Cap Value ETF by 8.7% in the second quarter. Avior Wealth Management LLC now owns 135,528 shares of the company’s stock valued at $17,783,000 after buying an additional 10,792 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Vanguard Mega Cap Value ETF in the second quarter valued at approximately $758,000. Welch Group LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 11.5% in the second quarter. Welch Group LLC now owns 3,147 shares of the company’s stock valued at $413,000 after buying an additional 325 shares during the period. Finally, US Bancorp DE grew its position in Vanguard Mega Cap Value ETF by 0.7% during the second quarter. US Bancorp DE now owns 102,710 shares of the company’s stock worth $13,488,000 after buying an additional 703 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA:MGV opened at $137.17 on Friday. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a fifty-two week low of $112.25 and a fifty-two week high of $140.38. The stock has a fifty day moving average price of $137.61 and a 200-day moving average price of $133.17.

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.