Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Increases Dividend to $0.82 Per Share

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) announced a quarterly dividend on Thursday, April 3rd. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.8171 per share on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, December 22nd. This is a 16.3% increase from Vanguard Mega Cap Value ETF’s previous quarterly dividend of $0.70.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV traded up $0.34 during mid-day trading on Friday, hitting $141.27. 209,425 shares of the company traded hands, compared to its average volume of 278,077. Vanguard Mega Cap Value ETF has a 1 year low of $112.25 and a 1 year high of $143.07. The stock has a 50-day moving average price of $138.85 and a two-hundred day moving average price of $135.10. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80.

Institutional Trading of Vanguard Mega Cap Value ETF

Several large investors have recently modified their holdings of MGV. Cvfg LLC lifted its holdings in Vanguard Mega Cap Value ETF by 3.5% in the third quarter. Cvfg LLC now owns 2,220 shares of the company’s stock valued at $306,000 after acquiring an additional 75 shares during the period. Visionary Wealth Advisors increased its holdings in Vanguard Mega Cap Value ETF by 1.0% during the second quarter. Visionary Wealth Advisors now owns 8,107 shares of the company’s stock valued at $1,064,000 after buying an additional 82 shares during the last quarter. Choreo LLC raised its position in Vanguard Mega Cap Value ETF by 0.5% in the third quarter. Choreo LLC now owns 18,390 shares of the company’s stock worth $2,546,000 after acquiring an additional 83 shares during the period. Betterment LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 3.2% during the 3rd quarter. Betterment LLC now owns 2,818 shares of the company’s stock worth $388,000 after acquiring an additional 88 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its stake in shares of Vanguard Mega Cap Value ETF by 1.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 6,779 shares of the company’s stock worth $934,000 after purchasing an additional 89 shares in the last quarter.

About Vanguard Mega Cap Value ETF

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.