Wells Fargo & Company MN Acquires 9,103 Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Wells Fargo & Company MN lifted its holdings in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 609,304 shares of the company’s stock after purchasing an additional 9,103 shares during the quarter. Wells Fargo & Company MN’s holdings in Vanguard Mega Cap Value ETF were worth $76,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC grew its holdings in Vanguard Mega Cap Value ETF by 40,868.2% during the fourth quarter. Wealthfront Advisers LLC now owns 27,161,100 shares of the company’s stock valued at $3,392,693,000 after purchasing an additional 27,094,802 shares during the period. Raymond James Financial Inc. bought a new position in shares of Vanguard Mega Cap Value ETF during the 4th quarter worth $84,153,000. Assetmark Inc. increased its holdings in Vanguard Mega Cap Value ETF by 2.6% in the 4th quarter. Assetmark Inc. now owns 14,337,204 shares of the company’s stock worth $1,790,860,000 after acquiring an additional 367,771 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Vanguard Mega Cap Value ETF by 12,397.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 243,707 shares of the company’s stock valued at $30,441,000 after acquiring an additional 241,757 shares during the period. Finally, Dechtman Wealth Management LLC lifted its holdings in Vanguard Mega Cap Value ETF by 326.1% during the fourth quarter. Dechtman Wealth Management LLC now owns 217,034 shares of the company’s stock valued at $27,110,000 after purchasing an additional 166,103 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Down 1.2 %

MGV opened at $114.87 on Wednesday. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 20.13 and a beta of 0.85. The firm has a 50-day moving average price of $128.74 and a 200-day moving average price of $128.68. Vanguard Mega Cap Value ETF has a twelve month low of $112.25 and a twelve month high of $133.82.

Vanguard Mega Cap Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.6838 per share. The ex-dividend date was Thursday, March 27th.

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.