Assetmark Inc. Increases Position in Vanguard Mega Cap Value ETF $MGV

Assetmark Inc. increased its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,596,695 shares of the company’s stock after purchasing an additional 166,009 shares during the quarter. Vanguard Mega Cap Value ETF makes up about 4.6% of Assetmark Inc.’s investment portfolio, making the stock its 2nd biggest holding. Assetmark Inc. owned 0.20% of Vanguard Mega Cap Value ETF worth $2,260,741,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Gallacher Capital Management LLC increased its holdings in Vanguard Mega Cap Value ETF by 16.3% during the first quarter. Gallacher Capital Management LLC now owns 4,271 shares of the company’s stock worth $619,000 after buying an additional 600 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter valued at about $2,489,000. Prosperity Consulting Group LLC lifted its stake in Vanguard Mega Cap Value ETF by 1.0% in the 1st quarter. Prosperity Consulting Group LLC now owns 373,096 shares of the company’s stock valued at $54,080,000 after purchasing an additional 3,621 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in Vanguard Mega Cap Value ETF by 7.6% in the 1st quarter. Wealthfront Advisers LLC now owns 69,186 shares of the company’s stock valued at $10,029,000 after purchasing an additional 4,872 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Vanguard Mega Cap Value ETF by 3.2% during the first quarter. D.A. Davidson & CO. now owns 119,478 shares of the company’s stock worth $17,318,000 after purchasing an additional 3,671 shares during the period.

Vanguard Mega Cap Value ETF Stock Up 0.5%

Shares of NYSEARCA MGV opened at $162.70 on Friday. The business’s 50 day moving average price is $160.02 and its two-hundred day moving average price is $152.42. The company has a market cap of $13.12 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a twelve month low of $128.84 and a twelve month high of $166.02.

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.