Vanguard Mega Cap Value ETF $MGV Shares Bought by PFG Private Wealth Management LLC

PFG Private Wealth Management LLC raised its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 52.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,275 shares of the company’s stock after buying an additional 34,292 shares during the quarter. Vanguard Mega Cap Value ETF makes up approximately 6.8% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. PFG Private Wealth Management LLC owned about 0.12% of Vanguard Mega Cap Value ETF worth $16,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MGV. Assetmark Inc. raised its holdings in shares of Vanguard Mega Cap Value ETF by 1.1% during the 1st quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock worth $2,260,741,000 after acquiring an additional 166,009 shares during the period. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 4,639,212 shares of the company’s stock valued at $672,454,000 after purchasing an additional 117,605 shares during the period. BTG Pactual Asset Management US LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 238.0% in the second quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock valued at $118,376,000 after purchasing an additional 509,956 shares during the period. Royal Bank of Canada increased its position in Vanguard Mega Cap Value ETF by 8.5% during the first quarter. Royal Bank of Canada now owns 727,459 shares of the company’s stock worth $105,445,000 after purchasing an additional 56,722 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in Vanguard Mega Cap Value ETF by 1.0% during the second quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock worth $63,291,000 after purchasing an additional 3,737 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Up 0.7%

MGV stock traded up $1.10 during trading on Thursday, reaching $165.22. 135,935 shares of the stock were exchanged, compared to its average volume of 257,239. The business has a 50 day moving average price of $165.71 and a 200-day moving average price of $160.19. Vanguard Mega Cap Value ETF has a 1 year low of $135.48 and a 1 year high of $169.84. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72.

Vanguard Mega Cap Value ETF Company 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.