Phillips Financial Management LLC Has $5.50 Million Holdings in Vanguard Mega Cap Value ETF (MGV)

Phillips Financial Management LLC reduced its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,745 shares of the company’s stock after selling 2,791 shares during the quarter. Vanguard Mega Cap Value ETF accounts for approximately 1.0% of Phillips Financial Management LLC’s investment portfolio, making the stock its 21st biggest holding. Phillips Financial Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $5,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OLD National Bancorp IN raised its position in Vanguard Mega Cap Value ETF by 28.9% during the fourth quarter. OLD National Bancorp IN now owns 87,580 shares of the company’s stock worth $6,259,000 after acquiring an additional 19,643 shares in the last quarter. Lincoln National Corp raised its position in shares of Vanguard Mega Cap Value ETF by 1.4% in the fourth quarter. Lincoln National Corp now owns 1,465,801 shares of the company’s stock valued at $104,761,000 after purchasing an additional 20,910 shares during the period. PagnatoKarp Partners LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the first quarter valued at about $205,000. Prime Capital Investment Advisors LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at about $251,000. Finally, Morgan Stanley raised its position in shares of Vanguard Mega Cap Value ETF by 10.1% in the third quarter. Morgan Stanley now owns 1,664,160 shares of the company’s stock valued at $133,199,000 after purchasing an additional 153,118 shares during the period.

Shares of MGV traded down $0.38 during trading hours on Friday, hitting $78.49. The company had a trading volume of 70,475 shares, compared to its average volume of 149,180. Vanguard Mega Cap Value ETF has a 12 month low of $66.82 and a 12 month high of $82.04.

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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.

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Institutional Ownership by Quarter for Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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