Strategic Investment Advisors MI Boosts Stock Position in Vanguard Mega Cap Value ETF $MGV

Strategic Investment Advisors MI increased its position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 30.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 434,386 shares of the company’s stock after buying an additional 102,517 shares during the period. Vanguard Mega Cap Value ETF comprises approximately 4.4% of Strategic Investment Advisors MI’s holdings, making the stock its 6th largest holding. Strategic Investment Advisors MI owned about 0.56% of Vanguard Mega Cap Value ETF worth $63,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MGV. Merit Financial Group LLC grew its holdings in Vanguard Mega Cap Value ETF by 51.7% during the 4th quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after acquiring an additional 429,853 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at about $46,132,000. Bank of America Corp DE raised its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after purchasing an additional 319,194 shares in the last quarter. Assetmark Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 2.1% in the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock worth $2,178,196,000 after purchasing an additional 312,445 shares during the period. Finally, SteelPeak Wealth LLC lifted its position in shares of Vanguard Mega Cap Value ETF by 16,126.7% in the 4th quarter. SteelPeak Wealth LLC now owns 304,412 shares of the company’s stock worth $42,971,000 after purchasing an additional 302,536 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA MGV opened at $162.62 on Thursday. The company has a market cap of $13.11 billion, a PE ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 52-week low of $128.84 and a 52-week high of $166.02. The firm’s 50 day moving average price is $161.54 and its 200-day moving average price is $153.70.

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.