Baird Financial Group Inc. Acquires 34,991 Shares of Vanguard Mega Cap Value ETF $MGV

Baird Financial Group Inc. increased its stake in shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 20.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 207,899 shares of the company’s stock after acquiring an additional 34,991 shares during the period. Baird Financial Group Inc. owned 0.29% of Vanguard Mega Cap Value ETF worth $27,276,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MGV. Proathlete Wealth Management LLC bought a new stake in Vanguard Mega Cap Value ETF during the second quarter worth approximately $25,000. NorthRock Partners LLC boosted its holdings in shares of Vanguard Mega Cap Value ETF by 100.0% during the 2nd quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock worth $25,000 after buying an additional 94 shares during the period. Kilter Group LLC acquired a new position in Vanguard Mega Cap Value ETF in the 2nd quarter valued at $29,000. WFA Asset Management Corp acquired a new position in Vanguard Mega Cap Value ETF in the 2nd quarter valued at $32,000. Finally, Clearstead Trust LLC bought a new position in Vanguard Mega Cap Value ETF in the 2nd quarter worth $33,000.

Vanguard Mega Cap Value ETF Price Performance

MGV stock opened at $140.65 on Friday. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 18.48 and a beta of 0.80. The company has a 50-day moving average of $138.14 and a two-hundred day moving average of $134.07. Vanguard Mega Cap Value ETF has a 52-week low of $112.25 and a 52-week high of $141.50.

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.