Raymond James & Associates Has $58.86 Million Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Raymond James & Associates lifted its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 492,466 shares of the company’s stock after buying an additional 4,573 shares during the period. Raymond James & Associates owned about 0.80% of Vanguard Mega Cap Value ETF worth $58,855,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Life Planning Partners Inc acquired a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at $25,000. Chilton Capital Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the 4th quarter valued at about $26,000. Principal Securities Inc. bought a new position in Vanguard Mega Cap Value ETF during the fourth quarter worth about $44,000. Northwest Financial Advisors acquired a new position in Vanguard Mega Cap Value ETF during the fourth quarter worth approximately $46,000. Finally, Bare Financial Services Inc bought a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $51,000.

Vanguard Mega Cap Value ETF Stock Up 0.5 %

Shares of NYSEARCA MGV traded up $0.57 during midday trading on Friday, hitting $115.79. 138,617 shares of the company’s stock were exchanged, compared to its average volume of 177,806. The firm has a market capitalization of $7.11 billion, a PE ratio of 18.51 and a beta of 0.68. Vanguard Mega Cap Value ETF has a 12 month low of $96.77 and a 12 month high of $119.69. The company’s 50 day moving average price is $116.35 and its 200 day moving average price is $110.27.

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.