Finward Bancorp Acquires New Shares in Vanguard Mega Cap Value ETF $MGV

Finward Bancorp acquired a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,185 shares of the company’s stock, valued at approximately $2,285,000. Vanguard Mega Cap Value ETF makes up 1.6% of Finward Bancorp’s investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BTG Pactual Asset Management US LLC boosted its position in Vanguard Mega Cap Value ETF by 238.0% during the second quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock worth $118,376,000 after purchasing an additional 509,956 shares in the last quarter. Assetmark Inc. grew its holdings in Vanguard Mega Cap Value ETF by 1.1% in the first quarter. Assetmark Inc. now owns 15,596,695 shares of the company’s stock valued at $2,260,741,000 after purchasing an additional 166,009 shares during the last quarter. Bank of America Corp DE grew its holdings in Vanguard Mega Cap Value ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 4,639,212 shares of the company’s stock valued at $672,454,000 after purchasing an additional 117,605 shares during the last quarter. Piedmont Capital Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the second quarter valued at $18,379,000. Finally, Strategic Investment Advisors MI increased its position in shares of Vanguard Mega Cap Value ETF by 30.9% in the first quarter. Strategic Investment Advisors MI now owns 434,386 shares of the company’s stock valued at $63,013,000 after buying an additional 102,517 shares in the last quarter.

Vanguard Mega Cap Value ETF Trading Up 0.4%

Shares of MGV stock traded up $0.64 during mid-day trading on Wednesday, reaching $164.12. The stock had a trading volume of 192,088 shares, compared to its average volume of 258,015. The company has a market cap of $13.73 billion, a P/E ratio of 18.48 and a beta of 0.72. Vanguard Mega Cap Value ETF has a 12-month low of $135.48 and a 12-month high of $169.84. The business has a 50-day simple moving average of $165.75 and a 200 day simple moving average of $160.05.

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.