Genesis Financial Group LLC Makes New Investment in Vanguard Mega Cap Value ETF $MGV

Genesis Financial Group LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,130 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth increased its position in shares of Vanguard Mega Cap Value ETF by 18.2% during the first 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 in the last quarter. Russell Investments Group Ltd. raised its position in Vanguard Mega Cap Value ETF by 5.0% during the second quarter. Russell Investments Group Ltd. now owns 4,063 shares of the company’s stock valued at $533,000 after acquiring an additional 192 shares in the last quarter. Kilter Group LLC purchased a new position in shares of Vanguard Mega Cap Value ETF during the 2nd quarter valued at approximately $29,000. Baird Financial Group Inc. raised its stake in shares of Vanguard Mega Cap Value ETF by 20.2% during the 2nd quarter. Baird Financial Group Inc. now owns 207,899 shares of the company’s stock worth $27,276,000 after buying an additional 34,991 shares during the period. Finally, Dynamic Wealth Strategies LLC acquired a new position in Vanguard Mega Cap Value ETF during the second quarter worth $30,000.

Vanguard Mega Cap Value ETF Stock Up 0.1%

Shares of NYSEARCA MGV opened at $145.47 on Friday. The firm has a 50-day simple moving average of $148.94 and a 200-day simple moving average of $143.03. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 52 week low of $112.25 and a 52 week high of $154.03.

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.