Gray Wealth Management Inc. Sells 761 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Gray Wealth Management Inc. cut its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,018 shares of the company’s stock after selling 761 shares during the quarter. Vanguard Mega Cap Value ETF makes up approximately 1.7% of Gray Wealth Management Inc.’s portfolio, making the stock its 16th biggest position. Gray Wealth Management Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $3,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Life Planning Partners Inc bought a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth about $26,000. Chilton Capital Management LLC bought a new stake in Vanguard Mega Cap Value ETF in the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $30,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 95.5% during the 1st quarter. First Horizon Advisors Inc. now owns 565 shares of the company’s stock valued at $57,000 after acquiring an additional 276 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

Shares of NYSEARCA MGV traded up $0.13 during trading on Thursday, hitting $113.74. 271,209 shares of the company traded hands, compared to its average volume of 176,973. Vanguard Mega Cap Value ETF has a fifty-two week low of $96.77 and a fifty-two week high of $119.69. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 18.58 and a beta of 0.86. The business’s fifty day moving average is $115.74 and its 200 day moving average is $109.09.

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.