Prospect Financial Services LLC Makes New $250,000 Investment in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Prospect Financial Services LLC acquired a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,002 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MGV. Massmutual Trust Co. FSB ADV purchased a new stake in Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $36,000. CENTRAL TRUST Co purchased a new stake in Vanguard Mega Cap Value ETF during the third quarter worth $40,000. Angeles Wealth Management LLC purchased a new stake in Vanguard Mega Cap Value ETF during the third quarter worth $46,000. WFA Asset Management Corp grew its position in Vanguard Mega Cap Value ETF by 93.5% during the third quarter. WFA Asset Management Corp now owns 474 shares of the company’s stock valued at $61,000 after buying an additional 229 shares during the period. Finally, Concourse Financial Group Securities Inc. increased its holdings in Vanguard Mega Cap Value ETF by 65.2% in the third quarter. Concourse Financial Group Securities Inc. now owns 570 shares of the company’s stock valued at $73,000 after buying an additional 225 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.4 %

MGV stock opened at $131.36 on Tuesday. Vanguard Mega Cap Value ETF has a 52-week low of $110.66 and a 52-week high of $133.82. The firm has a market cap of $8.14 billion, a P/E ratio of 18.88 and a beta of 0.66. The company’s 50-day simple moving average is $128.33 and its 200-day simple moving average is $126.77.

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.