Oarsman Capital Inc. Invests $949,000 in Vanguard Mega Cap Value ETF $MGV

Oarsman Capital Inc. purchased a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,807 shares of the company’s stock, valued at approximately $949,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in Vanguard Mega Cap Value ETF during the 4th quarter worth approximately $26,000. Ascentis Independent Advisors acquired a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter valued at approximately $26,000. Kentucky Trust Co acquired a new stake in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at approximately $29,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $33,000. Finally, Key Financial Inc grew its holdings in Vanguard Mega Cap Value ETF by 511.1% during the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock worth $39,000 after acquiring an additional 230 shares during the period.

Vanguard Mega Cap Value ETF Stock Performance

NYSEARCA:MGV opened at $167.29 on Monday. The stock has a fifty day moving average price of $165.00 and a two-hundred day moving average price of $156.71. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 1 year low of $133.33 and a 1 year high of $169.84.

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.