308 Shares in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Bought by Allianz SE

Allianz SE purchased a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, HoldingsChannel reports. The fund purchased 308 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealthfront Advisers LLC lifted its stake in shares of Vanguard Mega Cap Value ETF by 40,868.2% in the fourth quarter. Wealthfront Advisers LLC now owns 27,161,100 shares of the company’s stock valued at $3,392,693,000 after buying an additional 27,094,802 shares during the period. Assetmark Inc. raised its holdings in Vanguard Mega Cap Value ETF by 2.6% in the 4th quarter. Assetmark Inc. now owns 14,337,204 shares of the company’s stock valued at $1,790,860,000 after acquiring an additional 367,771 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Vanguard Mega Cap Value ETF by 0.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,266,543 shares of the company’s stock worth $158,204,000 after acquiring an additional 5,786 shares during the period. LPL Financial LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 6.0% during the 4th quarter. LPL Financial LLC now owns 953,263 shares of the company’s stock worth $119,072,000 after purchasing an additional 54,072 shares in the last quarter. Finally, Black Diamond Financial LLC raised its stake 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 purchasing an additional 11,158 shares in the last quarter.

Vanguard Mega Cap Value ETF Price Performance

MGV opened at $128.84 on Tuesday. The company has a market capitalization of $8.88 billion, a P/E ratio of 20.13 and a beta of 0.85. The firm’s fifty day moving average price is $130.12 and its two-hundred day moving average price is $129.01. Vanguard Mega Cap Value ETF has a fifty-two week low of $113.36 and a fifty-two week high of $133.82.

Vanguard Mega Cap Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.6838 per share. The ex-dividend date of this dividend was Thursday, March 27th.

Vanguard Mega Cap Value ETF 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.