Fifth Third Bancorp Buys New Shares in Vanguard Mega Cap Value ETF $MGV

Fifth Third Bancorp bought a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,222 shares of the company’s stock, valued at approximately $7,135,000. Fifth Third Bancorp owned approximately 0.06% of Vanguard Mega Cap Value ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in shares of Vanguard Mega Cap Value ETF during the 1st quarter worth $26,000. Tucker Asset Management LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $26,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter valued at $33,000. Key Financial Inc boosted its position in shares of Vanguard Mega Cap Value ETF by 511.1% in the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock valued at $39,000 after purchasing an additional 230 shares during the period. Finally, Financial Life Planners acquired a new position in shares of Vanguard Mega Cap Value ETF in the 1st quarter valued at $40,000.

Vanguard Mega Cap Value ETF Trading Up 0.5%

NYSEARCA MGV opened at $162.70 on Friday. Vanguard Mega Cap Value ETF has a 1 year low of $128.84 and a 1 year high of $166.02. The company has a market cap of $13.12 billion, a PE ratio of 18.48 and a beta of 0.72. The stock’s 50-day moving average price is $160.02 and its two-hundred day moving average price is $152.42.

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.