Renaissance Technologies LLC Trims Stock Holdings in Vanguard Mega Cap Value ETF $MGV

Renaissance Technologies LLC cut its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 22.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,600 shares of the company’s stock after selling 4,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Vanguard Mega Cap Value ETF were worth $1,971,000 as of its most recent SEC filing.

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

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA MGV opened at $167.39 on Wednesday. Vanguard Mega Cap Value ETF has a 12 month low of $131.57 and a 12 month high of $168.02. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The company’s fifty day moving average price is $163.03 and its two-hundred day moving average price is $154.94.

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.