Farther Finance Advisors LLC Buys 2,253 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Farther Finance Advisors LLC raised its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2,396.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,347 shares of the company’s stock after purchasing an additional 2,253 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vanguard Mega Cap Value ETF were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Vanguard Mega Cap Value ETF by 53.1% in the second quarter. LPL Financial LLC now owns 1,005,969 shares of the company’s stock valued at $119,207,000 after purchasing an additional 348,936 shares during the period. Strategic Financial Concepts LLC lifted its position in Vanguard Mega Cap Value ETF by 11,467.1% during the second quarter. Strategic Financial Concepts LLC now owns 240,132 shares of the company’s stock worth $28,456,000 after acquiring an additional 238,056 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Vanguard Mega Cap Value ETF during the third quarter worth approximately $25,554,000. MFA Wealth Advisors LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the third quarter valued at approximately $13,336,000. Finally, Marmo Financial Group LLC grew its position in shares of Vanguard Mega Cap Value ETF by 92.5% in the third quarter. Marmo Financial Group LLC now owns 161,053 shares of the company’s stock valued at $20,660,000 after purchasing an additional 77,368 shares during the last quarter.

Vanguard Mega Cap Value ETF Price Performance

MGV opened at $131.46 on Friday. The business has a fifty day simple moving average of $127.89 and a 200 day simple moving average of $122.69. Vanguard Mega Cap Value ETF has a 1 year low of $100.14 and a 1 year high of $131.88. The company has a market capitalization of $8.15 billion, a PE ratio of 18.88 and a beta of 0.66.

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.