Raymond James Financial Inc. Makes New $84.15 Million Investment in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Raymond James Financial Inc. bought a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, HoldingsChannel reports. The firm bought 673,711 shares of the company’s stock, valued at approximately $84,153,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in 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 worth $1,790,860,000 after acquiring an additional 367,771 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Vanguard Mega Cap Value ETF by 0.9% in 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 buying an additional 11,338 shares during the last quarter. Black Diamond Financial LLC raised its position in shares of Vanguard Mega Cap Value ETF by 1.6% in the fourth quarter. Black Diamond Financial LLC now owns 701,296 shares of the company’s stock valued at $87,599,000 after buying an additional 11,158 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Vanguard Mega Cap Value ETF by 7.8% in the fourth quarter. Merit Financial Group LLC now owns 582,474 shares of the company’s stock valued at $72,757,000 after buying an additional 42,119 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the third quarter valued at approximately $59,884,000.

Vanguard Mega Cap Value ETF Price Performance

NYSEARCA:MGV opened at $129.91 on Monday. The firm has a 50 day simple moving average of $129.31 and a 200-day simple moving average of $128.71. The firm has a market cap of $8.80 billion, a PE ratio of 20.16 and a beta of 0.85. Vanguard Mega Cap Value ETF has a 1-year low of $113.36 and a 1-year high of $133.82.

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.