Stonegate Investment Group LLC Buys New Shares in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Stonegate Investment Group LLC bought a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the first quarter, HoldingsChannel reports. The fund bought 1,597 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in Vanguard Mega Cap Value ETF by 40,868.2% in the fourth quarter. Wealthfront Advisers LLC now owns 27,161,100 shares of the company’s stock valued at $3,392,693,000 after acquiring an additional 27,094,802 shares during the last quarter. Assetmark Inc. increased its stake in Vanguard Mega Cap Value ETF by 2.6% in the fourth quarter. Assetmark Inc. now owns 14,337,204 shares of the company’s stock valued at $1,790,860,000 after acquiring an additional 367,771 shares during the last quarter. Bank of America Corp DE increased its stake in Vanguard Mega Cap Value ETF by 3.3% in the fourth quarter. Bank of America Corp DE now owns 3,870,186 shares of the company’s stock valued at $483,425,000 after acquiring an additional 122,412 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Vanguard Mega Cap Value ETF by 24.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,703,299 shares of the company’s stock valued at $212,769,000 after acquiring an additional 329,712 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Vanguard Mega Cap Value ETF by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,266,543 shares of the company’s stock valued at $158,204,000 after acquiring an additional 5,786 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.1%

MGV opened at $128.47 on Monday. The business’s fifty day simple moving average is $125.46 and its 200 day simple moving average is $126.98. Vanguard Mega Cap Value ETF has a 52 week low of $112.25 and a 52 week high of $133.82. The stock has a market cap of $9.28 billion, a PE ratio of 18.98 and a beta of 0.80.

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.