Vanguard Mega Cap Value ETF $MGV Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC reduced its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 16.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,913 shares of the company’s stock after selling 4,350 shares during the period. Royal Fund Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $3,022,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in Vanguard Mega Cap Value ETF by 557.8% during the second quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock worth $142,255,000 after acquiring an additional 932,588 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% during the 2nd quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock worth $1,991,902,000 after purchasing an additional 377,584 shares during the period. JPMorgan Chase & Co. increased its position in Vanguard Mega Cap Value ETF by 188.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 510,051 shares of the company’s stock worth $66,919,000 after purchasing an additional 333,098 shares in the last quarter. Bank of America Corp DE increased its position in Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after purchasing an additional 319,194 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Vanguard Mega Cap Value ETF by 29.3% in the second quarter. Raymond James Financial Inc. now owns 855,215 shares of the company’s stock valued at $112,204,000 after buying an additional 193,776 shares during the period.

Vanguard Mega Cap Value ETF Stock Up 0.2%

MGV opened at $146.87 on Monday. Vanguard Mega Cap Value ETF has a 52-week low of $112.25 and a 52-week high of $147.18. The company has a 50 day moving average of $141.24 and a two-hundred day moving average of $137.19. The company has a market cap of $11.17 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.