Sequoia Financial Advisors LLC Sells 15,016 Shares of Vanguard Mega Cap Value ETF $MGV

Sequoia Financial Advisors LLC lessened its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 531,727 shares of the company’s stock after selling 15,016 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.66% of Vanguard Mega Cap Value ETF worth $86,911,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MGV. NewEdge Advisors LLC increased its position in Vanguard Mega Cap Value ETF by 18.8% in the second quarter. NewEdge Advisors LLC now owns 10,863 shares of the company’s stock worth $1,776,000 after purchasing an additional 1,717 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 1.0% in the 2nd quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock valued at $63,291,000 after purchasing an additional 3,737 shares during the last quarter. Waverly Advisors LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 28.3% in the 2nd quarter. Waverly Advisors LLC now owns 145,484 shares of the company’s stock valued at $23,779,000 after purchasing an additional 32,081 shares during the last quarter. Range Advisory LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter worth approximately $345,000. Finally, Cornerstone Financial Management LLC grew its position in shares of Vanguard Mega Cap Value ETF by 1.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 37,580 shares of the company’s stock worth $6,142,000 after buying an additional 481 shares during the period.

Vanguard Mega Cap Value ETF Price Performance

MGV opened at $166.25 on Thursday. The firm has a 50 day simple moving average of $165.62 and a 200 day simple moving average of $157.53. Vanguard Mega Cap Value ETF has a fifty-two week low of $135.23 and a fifty-two week high of $169.84. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.