Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) saw strong trading volume on Wednesday . 468,541 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 219,771 shares.The stock last traded at $128.68 and had previously closed at $129.09.

Vanguard Mega Cap Value ETF Stock Down 0.2 %

The company has a market capitalization of $8.75 billion, a PE ratio of 20.16 and a beta of 0.85. The business has a 50 day simple moving average of $129.80 and a 200 day simple moving average of $128.79.

Institutional Trading of Vanguard Mega Cap Value ETF

A number of institutional investors have recently bought and sold shares of MGV. Ameriflex Group Inc. purchased a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at about $29,000. Financial Life Planners acquired a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth about $34,000. Allianz SE purchased a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $38,000. Coppell Advisory Solutions LLC increased its holdings in Vanguard Mega Cap Value ETF by 316.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 329 shares of the company’s stock worth $41,000 after buying an additional 250 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in Vanguard Mega Cap Value ETF by 144.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 338 shares of the company’s stock worth $42,000 after buying an additional 200 shares during the last quarter.

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.