Hazlett Burt & Watson Inc. Sells 1,003 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Hazlett Burt & Watson Inc. decreased its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,682 shares of the company’s stock after selling 1,003 shares during the period. Vanguard Mega Cap Value ETF accounts for about 0.9% of Hazlett Burt & Watson Inc.’s investment portfolio, making the stock its 21st biggest holding. Hazlett Burt & Watson Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $1,957,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MGV. Wealthfront Advisers LLC boosted its stake in Vanguard Mega Cap Value ETF by 40,868.2% during the fourth quarter. Wealthfront Advisers LLC now owns 27,161,100 shares of the company’s stock worth $3,392,693,000 after acquiring an additional 27,094,802 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at $84,153,000. World Investment Advisors LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the third quarter valued at about $59,884,000. Assetmark Inc. boosted its position in shares of Vanguard Mega Cap Value ETF by 2.6% during the 4th quarter. Assetmark Inc. now owns 14,337,204 shares of the company’s stock worth $1,790,860,000 after purchasing an additional 367,771 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in shares of Vanguard Mega Cap Value ETF by 12,397.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 243,707 shares of the company’s stock valued at $30,441,000 after buying an additional 241,757 shares during the period.

Vanguard Mega Cap Value ETF Price Performance

Shares of Vanguard Mega Cap Value ETF stock opened at $127.29 on Monday. The business has a 50-day simple moving average of $130.11 and a 200 day simple moving average of $128.99. Vanguard Mega Cap Value ETF has a one year low of $113.36 and a one year high of $133.82. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 20.13 and a beta of 0.85.

Vanguard Mega Cap Value ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.6838 per share. The ex-dividend date is Thursday, March 27th.

Vanguard Mega Cap Value ETF 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.