Diversify Wealth Management LLC Takes Position in Vanguard Mega Cap Value ETF $MGV

Diversify Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,431 shares of the company’s stock, valued at approximately $4,877,000.

Several other institutional investors and hedge funds have also modified their holdings of MGV. Assetmark Inc. grew its position in Vanguard Mega Cap Value ETF by 2.1% in the fourth quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after acquiring an additional 312,445 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% in the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after acquiring an additional 319,194 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Vanguard Mega Cap Value ETF by 17.2% in the third quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock worth $281,261,000 after acquiring an additional 298,993 shares during the last quarter. UBS Group AG lifted its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% in the fourth quarter. UBS Group AG now owns 1,799,402 shares of the company’s stock worth $254,004,000 after acquiring an additional 45,410 shares during the last quarter. Finally, Merit Financial Group LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 51.7% in the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after purchasing an additional 429,853 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $163.60 on Monday. The company has a market cap of $13.19 billion, a P/E ratio of 18.48 and a beta of 0.72. The company’s 50 day moving average is $159.24 and its 200-day moving average is $151.84. 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 Company 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.