IFP Advisors Inc Grows Stock Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

IFP Advisors Inc increased its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,594 shares of the company’s stock after purchasing an additional 139 shares during the quarter. IFP Advisors Inc’s holdings in Vanguard Mega Cap Value ETF were worth $699,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its stake in Vanguard Mega Cap Value ETF by 3.8% in the 3rd quarter. Continuum Advisory LLC now owns 3,448 shares of the company’s stock worth $449,000 after purchasing an additional 125 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Vanguard Mega Cap Value ETF by 6.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,082 shares of the company’s stock worth $260,000 after acquiring an additional 132 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in Vanguard Mega Cap Value ETF by 5.5% in the fourth quarter. Richardson Financial Services Inc. now owns 3,133 shares of the company’s stock worth $390,000 after purchasing an additional 164 shares during the last quarter. O ROURKE & COMPANY Inc lifted its stake in shares of Vanguard Mega Cap Value ETF by 3.4% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 5,117 shares of the company’s stock worth $656,000 after acquiring an additional 166 shares during the last quarter. Finally, WFA Asset Management Corp boosted its stake in shares of Vanguard Mega Cap Value ETF by 93.5% during the third quarter. WFA Asset Management Corp now owns 474 shares of the company’s stock valued at $61,000 after purchasing an additional 229 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

Shares of NYSEARCA MGV opened at $130.61 on Friday. Vanguard Mega Cap Value ETF has a 52-week low of $113.36 and a 52-week high of $133.82. The stock has a 50 day moving average price of $128.81 and a 200 day moving average price of $128.32. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 20.60 and a beta of 0.86.

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.