Foundations Investment Advisors LLC Invests $2.30 Million in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Foundations Investment Advisors LLC bought a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 18,407 shares of the company’s stock, valued at approximately $2,299,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Center For Asset Management LLC grew its position in Vanguard Mega Cap Value ETF by 2.6% in the 4th quarter. Center For Asset Management LLC now owns 57,035 shares of the company’s stock worth $7,124,000 after purchasing an additional 1,445 shares during the last quarter. Apexium Financial LP bought a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at about $408,000. Strategic Investment Advisors MI grew its position in Vanguard Mega Cap Value ETF by 4.3% during the fourth quarter. Strategic Investment Advisors MI now owns 265,399 shares of the company’s stock worth $33,151,000 after buying an additional 10,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Vanguard Mega Cap Value ETF by 3.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 96,384 shares of the company’s stock valued at $12,039,000 after acquiring an additional 3,541 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Vanguard Mega Cap Value ETF by 64.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,306 shares of the company’s stock valued at $163,000 after acquiring an additional 514 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.8 %

Shares of MGV stock opened at $130.32 on Wednesday. Vanguard Mega Cap Value ETF has a 12 month low of $110.66 and a 12 month high of $133.82. The company has a market capitalization of $8.08 billion, a P/E ratio of 18.88 and a beta of 0.66. The stock has a 50 day moving average of $128.35 and a two-hundred day moving average of $126.85.

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.