Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Position Raised by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,124 shares of the company’s stock after purchasing an additional 663 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Vanguard Mega Cap Value ETF were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. raised its stake in shares of Vanguard Mega Cap Value ETF by 2.6% during the fourth quarter. Assetmark Inc. now owns 14,337,204 shares of the company’s stock valued at $1,790,860,000 after purchasing an additional 367,771 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Vanguard Mega Cap Value ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,260,757 shares of the company’s stock valued at $161,730,000 after purchasing an additional 11,338 shares in the last quarter. Black Diamond Financial LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 1.6% during the fourth quarter. Black Diamond Financial LLC now owns 701,296 shares of the company’s stock valued at $87,599,000 after purchasing an additional 11,158 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 7.8% during the fourth quarter. Merit Financial Group LLC now owns 582,474 shares of the company’s stock valued at $72,757,000 after purchasing an additional 42,119 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the third quarter valued at about $59,884,000.

Vanguard Mega Cap Value ETF Stock Up 0.9 %

Shares of NYSEARCA MGV opened at $129.91 on Monday. Vanguard Mega Cap Value ETF has a fifty-two week low of $113.36 and a fifty-two week high of $133.82. The firm’s 50-day simple moving average is $129.31 and its 200 day simple moving average is $128.71. The stock has a market cap of $8.80 billion, a P/E ratio of 20.16 and a beta of 0.85.

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.