Congress Wealth Management LLC DE Purchases New Shares in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Congress Wealth Management LLC DE acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,271 shares of the company’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGV. Financial Life Planners bought a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $34,000. Tanglewood Legacy Advisors LLC bought a new position in Vanguard Mega Cap Value ETF in the fourth quarter valued at about $54,000. Mascoma Wealth Management LLC acquired a new stake in Vanguard Mega Cap Value ETF in the fourth quarter worth about $74,000. Sachetta LLC bought a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth about $95,000. Finally, Legacy Investment Solutions LLC acquired a new position in Vanguard Mega Cap Value ETF during the 3rd quarter valued at about $108,000.

Vanguard Mega Cap Value ETF Price Performance

Shares of NYSEARCA:MGV opened at $127.29 on Friday. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 20.13 and a beta of 0.85. The company has a 50 day moving average of $130.11 and a 200-day moving average of $128.93. Vanguard Mega Cap Value ETF has a one year low of $113.36 and a one year high of $133.82.

Vanguard Mega Cap Value ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.6838 per share. The ex-dividend date of this dividend is Thursday, March 27th.

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.