Alpha Cubed Investments LLC Boosts Holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Alpha Cubed Investments LLC boosted its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,230 shares of the company’s stock after purchasing an additional 236 shares during the period. Alpha Cubed Investments LLC’s holdings in Vanguard Mega Cap Value ETF were worth $3,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGV. Massmutual Trust Co. FSB ADV acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at approximately $36,000. CENTRAL TRUST Co bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth $40,000. Angeles Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the third quarter valued at $46,000. WFA Asset Management Corp boosted its stake in Vanguard Mega Cap Value ETF by 93.5% during the 3rd quarter. WFA Asset Management Corp now owns 474 shares of the company’s stock valued at $61,000 after acquiring an additional 229 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. grew its holdings in Vanguard Mega Cap Value ETF by 65.2% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 570 shares of the company’s stock worth $73,000 after acquiring an additional 225 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $128.75 on Tuesday. Vanguard Mega Cap Value ETF has a 1-year low of $107.85 and a 1-year high of $133.82. The company has a 50-day moving average of $128.38 and a 200-day moving average of $126.38. The company has a market capitalization of $7.98 billion, a P/E ratio of 18.88 and a beta of 0.66.

Vanguard Mega Cap Value ETF Company 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.