Bank of America Corp DE Buys 117,605 Shares of Vanguard Mega Cap Value ETF $MGV

Bank of America Corp DE grew its stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 2.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,639,212 shares of the company’s stock after buying an additional 117,605 shares during the quarter. Bank of America Corp DE owned 0.06% of Vanguard Mega Cap Value ETF worth $672,454,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Tucker Asset Management LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new position in Vanguard Mega Cap Value ETF in the first quarter valued at approximately $26,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter worth $33,000. Key Financial Inc lifted its stake in Vanguard Mega Cap Value ETF by 511.1% in the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock valued at $39,000 after purchasing an additional 230 shares during the last quarter. Finally, Financial Life Planners bought a new position in Vanguard Mega Cap Value ETF in the first quarter valued at about $40,000.

Vanguard Mega Cap Value ETF Price Performance

Vanguard Mega Cap Value ETF stock opened at $163.20 on Friday. The stock’s 50 day moving average is $161.82 and its 200 day moving average is $153.90. Vanguard Mega Cap Value ETF has a one year low of $128.84 and a one year high of $166.02. The firm has a market cap of $13.16 billion, a P/E ratio of 18.48 and a beta of 0.72.

About Vanguard Mega Cap Value ETF

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.