Creative Planning Increases Holdings in Vanguard Mega Cap Value ETF

Creative Planning has increased its stake in the Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Free Report) by 0.1% during the third quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission. By the end of the reporting period, Creative Planning owned 105,506 shares after purchasing an additional 113 shares in that quarter. This investment is valued at approximately $13,534,000.

In addition to Creative Planning, several other institutional investors have adjusted their holdings in the Vanguard Mega Cap Value ETF recently. Breakwater Capital Group raised its stake by 39.6% in the same quarter, bringing its total to 63,657 shares valued at $8,166,000 after acquiring an extra 18,046 shares. Similarly, Raymond James & Associates increased its position by 2.9% in the second quarter, holding 506,821 shares worth $60,058,000 after an additional purchase of 14,355 shares.

Also noteworthy, Bank of New York Mellon Corp significantly boosted its investment, enhancing its stake by 89.8% in the second quarter to own 3,970 shares valued at $470,000 after an additional 1,878 shares were acquired. &PARTNERS similarly increased its holdings by 39.1%, reaching ownership of 4,986 shares worth $591,000 after purchasing 1,402 more shares in the previous quarter. Brookstone Capital Management even entered a new position in the ETF in the first quarter, valued at approximately $459,000.

Vanguard Mega Cap Value ETF Price Performance

As of Tuesday, the MGV stock opened at $129.62. It has a fifty-day simple moving average of $126.81 and a 200-day simple moving average of $121.52. The ETF reached a one-year low of $96.77 and a one-year high of $131.09, with a market cap of $8.03 billion. The price-to-earnings ratio stands at 18.88, and it has a beta of 0.66, indicating its relative volatility compared to the market.

About Vanguard Mega Cap Value ETF

The Vanguard Mega Cap Value ETF, originally known as Vanguard Mega Cap 300 Value Index ETF, aims to track the investment returns of large-cap value stocks in the United States. This fund utilizes a passive management investment strategy to mirror the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which showcases value companies within the MSCI US Large-Cap 300 Index.

Investment, ETF, Finance