Raymond James & Associates Raises Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Raymond James & Associates grew its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,893 shares of the company’s stock after acquiring an additional 69,937 shares during the period. Raymond James & Associates owned about 0.85% of Vanguard Mega Cap Value ETF worth $53,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Vanguard Mega Cap Value ETF by 20.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 92,833 shares of the company’s stock worth $9,413,000 after buying an additional 15,897 shares in the last quarter. US Bancorp DE boosted its holdings in Vanguard Mega Cap Value ETF by 3.0% during the third quarter. US Bancorp DE now owns 98,358 shares of the company’s stock worth $9,974,000 after buying an additional 2,858 shares in the last quarter. Morgan Stanley boosted its holdings in Vanguard Mega Cap Value ETF by 7.6% during the third quarter. Morgan Stanley now owns 2,656,447 shares of the company’s stock worth $269,364,000 after buying an additional 186,705 shares in the last quarter. Creative Planning boosted its holdings in Vanguard Mega Cap Value ETF by 163.8% during the third quarter. Creative Planning now owns 56,777 shares of the company’s stock worth $5,757,000 after buying an additional 35,256 shares in the last quarter. Finally, Western Wealth Management LLC boosted its holdings in Vanguard Mega Cap Value ETF by 2.8% during the second quarter. Western Wealth Management LLC now owns 5,319 shares of the company’s stock worth $552,000 after buying an additional 146 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Up 1.4 %

MGV stock opened at $119.18 on Thursday. The company has a market cap of $6.84 billion, a P/E ratio of 15.80 and a beta of 0.86. Vanguard Mega Cap Value ETF has a 52 week low of $96.77 and a 52 week high of $119.18. The company’s 50-day moving average price is $113.74 and its 200 day moving average price is $107.64.

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.