Royal Fund Management LLC Buys 3,138 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Royal Fund Management LLC grew its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,443 shares of the company’s stock after purchasing an additional 3,138 shares during the period. Royal Fund Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $2,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Life Planning Partners Inc purchased a new position in shares of Vanguard Mega Cap Value ETF in the fourth quarter worth approximately $25,000. Chilton Capital Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter valued at about $26,000. Bare Financial Services Inc purchased a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $51,000. First Command Advisory Services Inc. bought a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth $81,000. Finally, Huntington National Bank purchased a new position in Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $90,000.

Vanguard Mega Cap Value ETF Trading Up 0.5 %

Shares of NYSEARCA:MGV traded up $0.57 during trading on Friday, reaching $115.79. The stock had a trading volume of 138,617 shares, compared to its average volume of 177,806. The firm’s 50-day simple moving average is $116.35 and its 200 day simple moving average is $110.27. Vanguard Mega Cap Value ETF has a one year low of $96.77 and a one year high of $119.69. The company has a market capitalization of $7.11 billion, a P/E ratio of 18.51 and a beta of 0.68.

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.