Pure Financial Advisors LLC Boosts Stake in Vanguard Mega Cap Value ETF $MGV

Pure Financial Advisors LLC lifted its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 293,161 shares of the company’s stock after acquiring an additional 9,391 shares during the quarter. Vanguard Mega Cap Value ETF comprises approximately 0.6% of Pure Financial Advisors LLC’s holdings, making the stock its 29th biggest position. Pure Financial Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $40,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MGV. Osaic Holdings Inc. boosted its position in Vanguard Mega Cap Value ETF by 557.8% in the second quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock worth $142,255,000 after purchasing an additional 932,588 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% in the 2nd quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock worth $1,991,902,000 after buying an additional 377,584 shares during the last quarter. JPMorgan Chase & Co. grew its position in Vanguard Mega Cap Value ETF by 188.2% during the second quarter. JPMorgan Chase & Co. now owns 510,051 shares of the company’s stock valued at $66,919,000 after buying an additional 333,098 shares during the period. Bank of America Corp DE increased its holdings in Vanguard Mega Cap Value ETF by 7.9% during the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after buying an additional 319,194 shares during the last quarter. Finally, Praetorian Wealth Management Inc. bought a new stake in Vanguard Mega Cap Value ETF in the second quarter worth about $41,516,000.

Vanguard Mega Cap Value ETF Stock Down 0.1%

Vanguard Mega Cap Value ETF stock opened at $142.21 on Tuesday. The firm has a 50 day moving average price of $139.42 and a 200-day moving average price of $135.78. Vanguard Mega Cap Value ETF has a twelve month low of $112.25 and a twelve month high of $143.07. The company has a market capitalization of $10.57 billion, a P/E ratio of 18.48 and a beta of 0.80.

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.