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

Assetmark Inc. grew its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,596,695 shares of the company’s stock after buying an additional 166,009 shares during the quarter. Vanguard Mega Cap Value ETF makes up 4.6% of Assetmark Inc.’s portfolio, making the stock its 2nd largest position. Assetmark Inc. owned 20.04% of Vanguard Mega Cap Value ETF worth $2,260,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MGV. Breakwater Capital Group increased its holdings in Vanguard Mega Cap Value ETF by 11.4% in the fourth quarter. Breakwater Capital Group now owns 146,115 shares of the company’s stock valued at $20,626,000 after purchasing an additional 14,981 shares during the last quarter. Amara Financial LLC. raised its holdings in Vanguard Mega Cap Value ETF by 8.6% during the 4th quarter. Amara Financial LLC. now owns 57,216 shares of the company’s stock worth $8,077,000 after buying an additional 4,520 shares during the period. Sheridan Capital Management LLC lifted its stake in Vanguard Mega Cap Value ETF by 4.3% in the fourth quarter. Sheridan Capital Management LLC now owns 144,775 shares of the company’s stock valued at $20,437,000 after buying an additional 6,035 shares in the last quarter. Colorado Capital Management Inc. lifted its stake in Vanguard Mega Cap Value ETF by 18.7% in the fourth quarter. Colorado Capital Management Inc. now owns 45,428 shares of the company’s stock valued at $6,413,000 after buying an additional 7,160 shares in the last quarter. Finally, Oxinas Partners LLC acquired a new position in Vanguard Mega Cap Value ETF in the 4th quarter worth $1,040,000.

Vanguard Mega Cap Value ETF Trading Up 0.5%

MGV stock opened at $162.70 on Friday. The stock has a 50-day moving average price of $160.02 and a two-hundred day moving average price of $152.42. The stock 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 1 year low of $128.84 and a 1 year high of $166.02.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.