VeraBank N.A. Makes New Investment in Vanguard Mega Cap Value ETF $MGV

VeraBank N.A. acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,819 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MGV. Assetmark Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.6% in the 2nd quarter. Assetmark Inc. now owns 15,182,180 shares of the company’s stock valued at $1,991,902,000 after buying an additional 377,584 shares during the period. LPL Financial LLC lifted its stake in Vanguard Mega Cap Value ETF by 2.5% in the first quarter. LPL Financial LLC now owns 976,948 shares of the company’s stock worth $125,870,000 after acquiring an additional 23,685 shares during the last quarter. HighTower Advisors LLC grew its holdings in Vanguard Mega Cap Value ETF by 51.6% during the 1st quarter. HighTower Advisors LLC now owns 712,570 shares of the company’s stock worth $91,807,000 after acquiring an additional 242,459 shares in the last quarter. Royal Bank of Canada increased its position in shares of Vanguard Mega Cap Value ETF by 10.1% in the 1st quarter. Royal Bank of Canada now owns 673,415 shares of the company’s stock valued at $86,763,000 after purchasing an additional 61,584 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Vanguard Mega Cap Value ETF by 8.6% in the 2nd quarter. Merit Financial Group LLC now owns 639,168 shares of the company’s stock valued at $83,859,000 after purchasing an additional 50,431 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Up 0.9%

Vanguard Mega Cap Value ETF stock opened at $139.23 on Wednesday. The company has a fifty day simple moving average of $137.22 and a 200-day simple moving average of $132.45. The stock has a market cap of $10.35 billion, a P/E ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 12-month low of $112.25 and a 12-month high of $139.65.

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.