Genesis Financial Group LLC Acquires New Stake in Vanguard Mega Cap Value ETF $MGV

Genesis Financial Group LLC bought a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,130 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MGV. Osaic Holdings Inc. increased its holdings in Vanguard Mega Cap Value ETF by 557.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after acquiring an additional 932,588 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter valued at $115,536,000. Wellington Management Group LLP purchased a new stake in Vanguard Mega Cap Value ETF during the third quarter valued at about $46,132,000. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap Value ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after purchasing an additional 319,194 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Vanguard Mega Cap Value ETF by 17.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,042,106 shares of the company’s stock valued at $281,261,000 after acquiring an additional 298,993 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.1%

MGV opened at $145.47 on Friday. Vanguard Mega Cap Value ETF has a 52-week low of $112.25 and a 52-week high of $154.03. The firm has a market capitalization of $11.07 billion, a P/E ratio of 18.48 and a beta of 0.80. The firm’s 50 day moving average is $148.94 and its 200-day moving average is $143.03.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.