M&T Bank Corp Reduces Holdings in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

M&T Bank Corp lowered its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 16.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,985 shares of the company’s stock after selling 1,613 shares during the quarter. M&T Bank Corp’s holdings in Vanguard Mega Cap Value ETF were worth $1,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. North Capital Inc. acquired a new stake in shares of Vanguard Mega Cap Value ETF in the first quarter worth $27,000. Ameriflex Group Inc. purchased a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at $29,000. Redmont Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 1st quarter worth about $38,000. Allianz SE acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth about $38,000. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 316.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 329 shares of the company’s stock valued at $41,000 after buying an additional 250 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.1%

Shares of MGV opened at $132.20 on Tuesday. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 18.48 and a beta of 0.86. Vanguard Mega Cap Value ETF has a 52 week low of $112.25 and a 52 week high of $133.82. The stock’s 50-day moving average price is $128.58 and its 200-day moving average price is $127.48.

Vanguard Mega Cap Value ETF Company 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.