AE Wealth Management LLC Invests $1.20 Million in Vanguard Mega Cap Value ETF (MGV) Stock

AE Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,176 shares of the company’s stock, valued at approximately $1,204,000. AE Wealth Management LLC owned about 0.06% of Vanguard Mega Cap Value ETF at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MGV. Lincoln National Corp boosted its position in Vanguard Mega Cap Value ETF by 31.8% in the 1st quarter. Lincoln National Corp now owns 1,318,532 shares of the company’s stock valued at $97,650,000 after buying an additional 318,056 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 4.6% during the second quarter. PNC Financial Services Group Inc. now owns 2,643,810 shares of the company’s stock worth $196,726,000 after purchasing an additional 117,012 shares during the last quarter. Assetmark Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 4.9% during the second quarter. Assetmark Inc. now owns 2,393,648 shares of the company’s stock worth $178,111,000 after purchasing an additional 111,424 shares during the last quarter. Planning Directions Inc. bought a new position in shares of Vanguard Mega Cap Value ETF during the first quarter worth about $3,566,000. Finally, Morgan Stanley lifted its position in shares of Vanguard Mega Cap Value ETF by 2.6% during the second quarter. Morgan Stanley now owns 1,511,042 shares of the company’s stock worth $112,437,000 after purchasing an additional 38,943 shares during the last quarter.

Shares of MGV stock opened at $80.44 on Friday. Vanguard Mega Cap Value ETF has a one year low of $71.00 and a one year high of $81.59.

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.

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Institutional Ownership by Quarter for Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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