Independent Advisor Alliance Acquires Shares of 5,035 Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Independent Advisor Alliance acquired a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,035 shares of the company’s stock, valued at approximately $629,000.

Other institutional investors have also modified their holdings of the company. Financial Life Planners purchased a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at about $34,000. Tanglewood Legacy Advisors LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at about $54,000. Sachetta LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at about $95,000. Legacy Investment Solutions LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $108,000. Finally, DT Investment Partners LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at about $125,000.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $127.48 on Monday. Vanguard Mega Cap Value ETF has a fifty-two week low of $113.36 and a fifty-two week high of $133.82. The company has a fifty day moving average of $129.51 and a two-hundred day moving average of $128.75. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.16 and a beta of 0.85.

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.