Vanguard Mega Cap Value ETF $MGV Stake Raised by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC lifted its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 79.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 71,558 shares of the company’s stock after acquiring an additional 31,759 shares during the period. Vanguard Mega Cap Value ETF accounts for about 6.2% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Hidden Cove Wealth Management LLC’s holdings in Vanguard Mega Cap Value ETF were worth $11,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MGV. Assetmark Inc. increased its stake in Vanguard Mega Cap Value ETF by 1.1% in 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 last quarter. Bank of America Corp DE lifted its position in Vanguard Mega Cap Value ETF by 2.6% during 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. BTG Pactual Asset Management US LLC boosted its stake in Vanguard Mega Cap Value ETF by 238.0% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock worth $118,376,000 after buying an additional 509,956 shares during the last quarter. Royal Bank of Canada boosted its stake in Vanguard Mega Cap Value ETF by 8.5% in the 1st quarter. Royal Bank of Canada now owns 727,459 shares of the company’s stock worth $105,445,000 after buying an additional 56,722 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Vanguard Mega Cap Value ETF by 1.0% in the 2nd quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock worth $63,291,000 after buying an additional 3,737 shares during the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.4%

MGV traded down $0.69 during midday trading on Monday, hitting $164.99. The company’s stock had a trading volume of 219,013 shares, compared to its average volume of 257,734. The firm has a market cap of $13.80 billion, a P/E ratio of 18.48 and a beta of 0.72. The firm has a 50-day moving average price of $165.62 and a two-hundred day moving average price of $160.65. Vanguard Mega Cap Value ETF has a 52-week low of $135.48 and a 52-week high of $169.84.

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.