SBI Securities Co. Ltd. Makes New Investment in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

SBI Securities Co. Ltd. bought a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,426 shares of the company’s stock, valued at approximately $178,000.

Several other hedge funds also recently made changes to their positions in MGV. Assetmark Inc. grew its position in Vanguard Mega Cap Value ETF by 4.1% during the third quarter. Assetmark Inc. now owns 13,969,433 shares of the company’s stock worth $1,791,999,000 after buying an additional 548,728 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 0.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,260,757 shares of the company’s stock valued at $161,730,000 after acquiring an additional 11,338 shares during the period. Black Diamond Financial LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 1.6% during the 4th quarter. Black Diamond Financial LLC now owns 701,296 shares of the company’s stock worth $87,599,000 after purchasing an additional 11,158 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 7.8% during the 4th quarter. Merit Financial Group LLC now owns 582,474 shares of the company’s stock worth $72,757,000 after purchasing an additional 42,119 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the third quarter worth $59,884,000.

Vanguard Mega Cap Value ETF Stock Down 0.7 %

MGV opened at $128.72 on Friday. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.60 and a beta of 0.86. Vanguard Mega Cap Value ETF has a twelve month low of $113.36 and a twelve month high of $133.82. The company has a 50-day simple moving average of $129.23 and a 200 day simple moving average of $128.61.

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.