Noble Wealth Management PBC Buys Shares of 14,693 Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Noble Wealth Management PBC bought a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the fourth quarter, Holdings Channel.com reports. The fund bought 14,693 shares of the company’s stock, valued at approximately $1,835,000. Vanguard Mega Cap Value ETF makes up about 1.3% of Noble Wealth Management PBC’s portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGV. Assetmark Inc. grew its holdings in Vanguard Mega Cap Value ETF by 4.1% in the 3rd quarter. Assetmark Inc. now owns 13,969,433 shares of the company’s stock valued at $1,791,999,000 after buying an additional 548,728 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at approximately $59,884,000. Strategic Financial Concepts LLC grew its holdings in Vanguard Mega Cap Value ETF by 12,397.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 243,707 shares of the company’s stock valued at $30,441,000 after buying an additional 241,757 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter valued at approximately $16,744,000. Finally, Black Diamond Financial LLC grew its holdings in Vanguard Mega Cap Value ETF by 11.9% in the 3rd quarter. Black Diamond Financial LLC now owns 690,138 shares of the company’s stock valued at $88,537,000 after buying an additional 73,246 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Up 1.5 %

Shares of NYSEARCA:MGV opened at $132.54 on Friday. Vanguard Mega Cap Value ETF has a 1-year low of $113.36 and a 1-year high of $133.82. The firm has a market capitalization of $8.90 billion, a PE ratio of 20.60 and a beta of 0.86. The business’s 50 day moving average is $128.95 and its 200-day moving average is $128.41.

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.