Ameriprise Financial Inc. Has $281.26 Million Stake in Vanguard Mega Cap Value ETF $MGV

Ameriprise Financial Inc. grew its position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,042,106 shares of the company’s stock after purchasing an additional 298,993 shares during the period. Ameriprise Financial Inc. owned approximately 2.75% of Vanguard Mega Cap Value ETF worth $281,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. lifted its stake in Vanguard Mega Cap Value ETF by 557.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,099,774 shares of the company’s stock valued at $142,255,000 after acquiring an additional 932,588 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $115,536,000. Wellington Management Group LLP bought a new position in shares of Vanguard Mega Cap Value ETF during the 3rd quarter worth approximately $46,132,000. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Mega Cap Value ETF by 188.2% in the second quarter. JPMorgan Chase & Co. now owns 510,051 shares of the company’s stock valued at $66,919,000 after purchasing an additional 333,098 shares during the last quarter. Finally, Bank of America Corp DE lifted 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 purchasing an additional 319,194 shares in the last quarter.

Vanguard Mega Cap Value ETF Stock Up 0.7%

Shares of MGV stock opened at $147.32 on Tuesday. Vanguard Mega Cap Value ETF has a 12 month low of $112.25 and a 12 month high of $154.03. The company’s fifty day simple moving average is $149.14 and its 200-day simple moving average is $142.24. The firm has a market cap of $11.21 billion, a PE ratio of 18.48 and a beta of 0.80.

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.