Sequoia Financial Advisors LLC Sells 25,235 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Sequoia Financial Advisors LLC lessened its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 620,923 shares of the company’s stock after selling 25,235 shares during the quarter. Vanguard Mega Cap Value ETF comprises about 0.7% of Sequoia Financial Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Sequoia Financial Advisors LLC owned about 1.00% of Vanguard Mega Cap Value ETF worth $77,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $34,000. Tanglewood Legacy Advisors LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth $54,000. Planning Capital Management Corp bought a new position in Vanguard Mega Cap Value ETF during the third quarter worth about $85,000. Sachetta LLC acquired a new position in Vanguard Mega Cap Value ETF in the fourth quarter valued at about $95,000. Finally, Legacy Investment Solutions LLC acquired a new position in Vanguard Mega Cap Value ETF in the third quarter valued at about $108,000.

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA MGV opened at $126.68 on Wednesday. Vanguard Mega Cap Value ETF has a one year low of $113.36 and a one year high of $133.82. The firm has a market cap of $8.58 billion, a P/E ratio of 20.16 and a beta of 0.85. The stock’s 50-day moving average is $129.43 and its 200-day moving average is $128.74.

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.