Piedmont Capital Management LLC Takes $18.38 Million Position in Vanguard Mega Cap Value ETF $MGV

Piedmont Capital Management LLC acquired a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 112,445 shares of the company’s stock, valued at approximately $18,379,000. Vanguard Mega Cap Value ETF makes up 9.4% of Piedmont Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Piedmont Capital Management LLC owned 0.14% of Vanguard Mega Cap Value ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MGV. Assetmark Inc. grew its holdings in Vanguard Mega Cap Value ETF by 1.1% during the first quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock valued at $2,260,741,000 after purchasing an additional 166,009 shares during the period. Bank of America Corp DE raised its stake in shares of Vanguard Mega Cap Value ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 4,639,212 shares of the company’s stock worth $672,454,000 after buying an additional 117,605 shares during the period. UBS Group AG lifted its position in shares of Vanguard Mega Cap Value ETF by 3.8% during the 3rd quarter. UBS Group AG now owns 1,753,992 shares of the company’s stock valued at $241,595,000 after buying an additional 63,931 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,743,113 shares of the company’s stock valued at $228,634,000 after buying an additional 42,570 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Vanguard Mega Cap Value ETF by 0.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,223,662 shares of the company’s stock valued at $172,732,000 after acquiring an additional 3,314 shares during the period.

Vanguard Mega Cap Value ETF Trading Down 0.1%

Shares of NYSEARCA:MGV opened at $167.13 on Tuesday. The stock has a 50 day moving average of $165.07 and a 200 day moving average of $156.81. The company has a market cap of $13.48 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 12-month low of $133.33 and a 12-month high of $169.84.

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.