Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sees Large Volume Increase – Still a Buy?

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) shares saw strong trading volume on Wednesday . 468,541 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 219,771 shares.The stock last traded at $128.68 and had previously closed at $129.09.

Vanguard Mega Cap Value ETF Stock Up 0.2 %

The stock has a 50 day simple moving average of $129.65 and a 200 day simple moving average of $128.78. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 20.16 and a beta of 0.85.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Vanguard Mega Cap Value ETF by 474.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,701 shares of the company’s stock valued at $5,209,000 after acquiring an additional 34,440 shares during the period. Centaurus Financial Inc. raised its holdings in Vanguard Mega Cap Value ETF by 8.6% during the fourth quarter. Centaurus Financial Inc. now owns 33,724 shares of the company’s stock worth $4,212,000 after purchasing an additional 2,682 shares in the last quarter. Anchor Pointe Wealth Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the fourth quarter worth approximately $4,794,000. LifeWealth Investments LLC bought a new stake in Vanguard Mega Cap Value ETF during the fourth quarter worth approximately $1,351,000. Finally, Armis Advisers LLC bought a new stake in Vanguard Mega Cap Value ETF during the fourth quarter worth approximately $340,000.

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.