Signature Estate & Investment Advisors LLC Takes $240,000 Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Signature Estate & Investment Advisors LLC acquired a new position in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,925 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds have also modified their holdings of the company. Continuum Advisory LLC boosted its stake in shares of Vanguard Mega Cap Value ETF by 3.8% during the 3rd quarter. Continuum Advisory LLC now owns 3,448 shares of the company’s stock worth $449,000 after buying an additional 125 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in Vanguard Mega Cap Value ETF by 6.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,082 shares of the company’s stock worth $260,000 after acquiring an additional 132 shares in the last quarter. IFP Advisors Inc boosted its position in Vanguard Mega Cap Value ETF by 2.5% during the fourth quarter. IFP Advisors Inc now owns 5,594 shares of the company’s stock valued at $699,000 after purchasing an additional 139 shares during the last quarter. Richardson Financial Services Inc. grew its stake in Vanguard Mega Cap Value ETF by 5.5% in the fourth quarter. Richardson Financial Services Inc. now owns 3,133 shares of the company’s stock valued at $390,000 after purchasing an additional 164 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its position in shares of Vanguard Mega Cap Value ETF by 0.9% during the 4th quarter. Alpha Cubed Investments LLC now owns 27,230 shares of the company’s stock worth $3,401,000 after purchasing an additional 236 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

Shares of MGV stock opened at $128.81 on Friday. Vanguard Mega Cap Value ETF has a 52-week low of $113.36 and a 52-week high of $133.82. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 20.13 and a beta of 0.85. The firm’s 50-day moving average is $130.14 and its 200-day moving average is $128.91.

Vanguard Mega Cap Value ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.6838 per share. The ex-dividend date is Thursday, March 27th.

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.