WNY Asset Management LLC Purchases New Position in Vanguard Mega Cap Value ETF $MGV

WNY Asset Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,772 shares of the company’s stock, valued at approximately $4,315,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGV. Assetmark Inc. raised its stake in shares of 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 worth $2,260,741,000 after purchasing an additional 166,009 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 valued at $672,454,000 after buying an additional 117,605 shares during the last quarter. UBS Group AG boosted its position in shares of Vanguard Mega Cap Value ETF by 2.6% during the fourth quarter. UBS Group AG now owns 1,799,402 shares of the company’s stock valued at $254,004,000 after buying an additional 45,410 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Vanguard Mega Cap Value ETF by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 1,743,113 shares of the company’s stock worth $228,634,000 after buying an additional 42,570 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Vanguard Mega Cap Value ETF by 51.7% during the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock worth $178,111,000 after buying an additional 429,853 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Down 0.2%

NYSEARCA MGV opened at $163.20 on Friday. The firm has a market capitalization of $13.16 billion, a P/E ratio of 18.48 and a beta of 0.72. The business has a fifty day simple moving average of $161.82 and a 200 day simple moving average of $153.90. Vanguard Mega Cap Value ETF has a 12 month low of $128.84 and a 12 month high of $166.02.

Vanguard Mega Cap Value ETF 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.