WNY Asset Management LLC Makes New $4.32 Million Investment in Vanguard Mega Cap Value ETF $MGV

WNY Asset Management LLC acquired a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 29,772 shares of the company’s stock, valued at approximately $4,315,000.

Several other hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth approximately $26,000. Ascentis Independent Advisors bought a new position in shares of Vanguard Mega Cap Value ETF in the first quarter valued at approximately $26,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter valued at approximately $33,000. Key Financial Inc lifted its holdings in Vanguard Mega Cap Value ETF by 511.1% during the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after acquiring an additional 230 shares during the period. Finally, Financial Life Planners bought a new stake in Vanguard Mega Cap Value ETF during the first quarter worth $40,000.

Vanguard Mega Cap Value ETF Trading Down 0.2%

MGV stock opened at $163.20 on Friday. The stock has a market cap of $13.16 billion, a P/E ratio of 18.48 and a beta of 0.72. The stock’s fifty day simple moving average is $161.82 and its two-hundred day simple moving average is $153.90. Vanguard Mega Cap Value ETF has a 1-year low of $128.84 and a 1-year high of $166.02.

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.