Bell Bank Makes New Investment in Vanguard Mega Cap Value ETF $MGV

Bell Bank bought a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the third quarter, Holdings Channel.com reports. The institutional investor bought 4,050 shares of the company’s stock, valued at approximately $652,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake 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 in the last quarter. Bank of America Corp DE increased its holdings in shares of Vanguard Mega Cap Value ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 4,639,212 shares of the company’s stock worth $672,454,000 after buying an additional 117,605 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Vanguard Mega Cap Value ETF by 8.5% in the 1st quarter. Royal Bank of Canada now owns 727,459 shares of the company’s stock worth $105,445,000 after buying an additional 56,722 shares during the last quarter. BTG Pactual Asset Management US LLC raised its position in shares of Vanguard Mega Cap Value ETF by 238.0% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 724,232 shares of the company’s stock valued at $118,376,000 after buying an additional 509,956 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its position in shares of Vanguard Mega Cap Value ETF by 30.9% during the 1st 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 Stock Performance

Shares of NYSEARCA:MGV opened at $166.39 on Wednesday. Vanguard Mega Cap Value ETF has a 52-week low of $135.48 and a 52-week high of $169.84. The firm has a fifty day moving average of $165.60 and a 200 day moving average of $160.80. The firm has a market capitalization of $13.92 billion, a PE ratio of 18.48 and a beta of 0.72.

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.