Investors Buy Vanguard Mega Cap Value ETF (MGV) on Weakness

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Traders bought shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) on weakness during trading on Friday. $130.27 million flowed into the stock on the tick-up and $5.54 million flowed out of the stock on the tick-down, for a money net flow of $124.73 million into the stock. Of all companies tracked, Vanguard Mega Cap Value ETF had the 5th highest net in-flow for the day. Vanguard Mega Cap Value ETF traded down ($1.30) for the day and closed at $77.86

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 26th will be issued a dividend of $0.5963 per share. This represents a $2.39 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Monday, March 25th. This is a positive change from Vanguard Mega Cap Value ETF’s previous quarterly dividend of $0.51.

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of Vanguard Mega Cap Value ETF by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,773,544 shares of the company’s stock worth $198,225,000 after purchasing an additional 55,718 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Vanguard Mega Cap Value ETF by 5.5% during the third quarter. Assetmark Inc. now owns 2,524,858 shares of the company’s stock worth $202,090,000 after purchasing an additional 131,210 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Vanguard Mega Cap Value ETF by 6.2% during the fourth quarter. Bank of America Corp DE now owns 2,013,159 shares of the company’s stock worth $143,881,000 after purchasing an additional 118,085 shares in the last quarter. Morgan Stanley grew its holdings in shares of Vanguard Mega Cap Value ETF by 10.1% during the third quarter. Morgan Stanley now owns 1,664,160 shares of the company’s stock worth $133,199,000 after purchasing an additional 153,118 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC grew its holdings in shares of Vanguard Mega Cap Value ETF by 7,297.2% during the third quarter. Matthew Goff Investment Advisor LLC now owns 1,549,206 shares of the company’s stock worth $20,943,000 after purchasing an additional 1,528,263 shares in the last quarter.

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About Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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.

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