Assetmark Inc. Lowers Stake in Vanguard Mega Cap Value ETF $MGV

Assetmark Inc. decreased its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,118,241 shares of the company’s stock after selling 63,939 shares during the period. Vanguard Mega Cap Value ETF comprises about 4.5% of Assetmark Inc.’s investment portfolio, making the stock its 2nd biggest holding. Assetmark Inc. owned 20.34% of Vanguard Mega Cap Value ETF worth $2,082,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NorthRock Partners LLC increased its holdings in Vanguard Mega Cap Value ETF by 100.0% in the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock worth $25,000 after buying an additional 94 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $28,000. Root Financial Partners LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth approximately $29,000. Kilter Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the second quarter worth approximately $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the second quarter valued at approximately $30,000.

Vanguard Mega Cap Value ETF Stock Down 1.0%

Shares of Vanguard Mega Cap Value ETF stock opened at $151.70 on Friday. Vanguard Mega Cap Value ETF has a twelve month low of $112.25 and a twelve month high of $154.03. The company’s 50 day moving average is $145.16 and its 200 day moving average is $139.34. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.