PFG Advisors Takes Position in Vanguard Mega Cap Value ETF $MGV

PFG Advisors bought a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,888 shares of the company’s stock, valued at approximately $2,739,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in Vanguard Mega Cap Value ETF by 557.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after buying an additional 932,588 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $115,536,000. JPMorgan Chase & Co. boosted its position in shares of Vanguard Mega Cap Value ETF by 188.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 510,051 shares of the company’s stock valued at $66,919,000 after acquiring an additional 333,098 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% in the second 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. Finally, Integrated Capital Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the third quarter valued at $27,259,000.

Vanguard Mega Cap Value ETF Trading Up 0.3%

Shares of NYSEARCA MGV opened at $148.28 on Tuesday. Vanguard Mega Cap Value ETF has a 12-month low of $112.25 and a 12-month high of $154.03. The firm’s 50-day moving average price is $148.65 and its 200-day moving average price is $141.81. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80.

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.