Synovus Financial Corp Invests $676,000 in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Synovus Financial Corp bought a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,270 shares of the company’s stock, valued at approximately $676,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGV. International Assets Investment Management LLC bought a new position in Vanguard Mega Cap Value ETF in the 2nd quarter worth $30,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Vanguard Mega Cap Value ETF during the third quarter valued at about $36,000. CENTRAL TRUST Co bought a new position in Vanguard Mega Cap Value ETF in the third quarter worth about $40,000. Angeles Wealth Management LLC purchased a new stake in Vanguard Mega Cap Value ETF in the third quarter worth about $46,000. Finally, WFA Asset Management Corp boosted its position in Vanguard Mega Cap Value ETF by 93.5% during the 3rd quarter. WFA Asset Management Corp now owns 474 shares of the company’s stock valued at $61,000 after acquiring an additional 229 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Shares of NYSEARCA:MGV opened at $127.59 on Wednesday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 18.88 and a beta of 0.66. The stock has a 50 day moving average price of $129.98 and a 200-day moving average price of $125.27. Vanguard Mega Cap Value ETF has a 52-week low of $107.38 and a 52-week high of $133.82.

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.