Vanguard Mega Cap Value ETF $MGV Shares Bought by Royal Bank of Canada

Royal Bank of Canada raised its holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 8.5% during the 1st quarter, Holdings Channel reports. The firm owned 727,459 shares of the company’s stock after purchasing an additional 56,722 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard Mega Cap Value ETF were worth $105,445,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Focus Partners Wealth raised its position in shares of Vanguard Mega Cap Value ETF by 18.2% during the 1st quarter. Focus Partners Wealth now owns 10,769 shares of the company’s stock worth $1,387,000 after purchasing an additional 1,662 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Vanguard Mega Cap Value ETF by 5.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock valued at $533,000 after buying an additional 192 shares during the last quarter. NewEdge Advisors LLC increased its position in Vanguard Mega Cap Value ETF by 4.9% during the second quarter. NewEdge Advisors LLC now owns 12,167 shares of the company’s stock worth $1,596,000 after buying an additional 570 shares in the last quarter. HUB Investment Partners LLC increased its position in Vanguard Mega Cap Value ETF by 7.9% during the second quarter. HUB Investment Partners LLC now owns 2,906 shares of the company’s stock worth $381,000 after buying an additional 214 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in Vanguard Mega Cap Value ETF by 13.6% during the second quarter. Diversify Advisory Services LLC now owns 15,656 shares of the company’s stock worth $2,073,000 after buying an additional 1,880 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Down 0.2%

NYSEARCA MGV opened at $163.20 on Friday. Vanguard Mega Cap Value ETF has a fifty-two week low of $128.84 and a fifty-two week high of $166.02. The business has a fifty day moving average of $161.82 and a 200-day moving average of $153.90. The stock has a market cap of $13.16 billion, a price-to-earnings 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.