Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Declares Quarterly Dividend of $0.72

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Monday, September 28th will be given a dividend of $0.7244 per share on Wednesday, September 30th. This represents a $2.90 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, September 28th. This is a 1.0% decrease from Vanguard Mega Cap Value ETF’s previous quarterly dividend of $0.7320.

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA MGV opened at $164.64 on Friday. The company’s 50 day simple moving average is $166.01 and its two-hundred day simple moving average is $158.60. Vanguard Mega Cap Value ETF has a 1 year low of $135.26 and a 1 year high of $169.84. The stock has a market capitalization of $13.55 billion, a PE ratio of 18.48 and a beta of 0.72.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Ascentis Independent Advisors purchased a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter valued at about $26,000. Kentucky Trust Co purchased a new position in Vanguard Mega Cap Value ETF in the 2nd quarter worth approximately $29,000. Financial Life Planners bought a new position in shares of Vanguard Mega Cap Value ETF in the 1st quarter worth $40,000. Bullseye Investment Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at $40,000. Finally, Tower View Wealth Management LLC purchased a new position in Vanguard Mega Cap Value ETF in the first quarter worth $58,000.

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.