Annex Advisory Services LLC Invests $13.05 Million in Vanguard Mega Cap Value ETF $MGV

Annex Advisory Services LLC purchased 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 fund purchased 92,465 shares of the company’s stock, valued at approximately $13,052,000. Annex Advisory Services LLC owned approximately 0.12% of Vanguard Mega Cap Value ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MGV. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the third quarter worth about $115,536,000. Wellington Management Group LLP acquired a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter worth approximately $46,132,000. Bank of America Corp DE boosted its position in shares of Vanguard Mega Cap Value ETF by 7.9% in the second quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock worth $575,265,000 after acquiring an additional 319,194 shares during the last quarter. Assetmark Inc. boosted its position in shares of Vanguard Mega Cap Value ETF by 2.1% in the fourth quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock worth $2,178,196,000 after acquiring an additional 312,445 shares during the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of Vanguard Mega Cap Value ETF by 16,126.7% in the fourth quarter. SteelPeak Wealth LLC now owns 304,412 shares of the company’s stock worth $42,971,000 after acquiring an additional 302,536 shares during the last quarter.

Vanguard Mega Cap Value ETF Stock Performance

MGV opened at $149.82 on Wednesday. The company’s 50 day simple moving average is $149.01 and its 200 day simple moving average is $143.73. Vanguard Mega Cap Value ETF has a 1 year low of $116.88 and a 1 year high of $154.03. The stock has a market capitalization of $11.66 billion, a PE ratio of 18.48 and a beta of 0.75.

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. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.