Stonegate Investment Group LLC Acquires Position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

On October 20, 2024, it was reported that Stonegate Investment Group LLC has made a significant move by acquiring a new stake in the Vanguard Mega Cap Value ETF (NYSEARCA:MGV). This transaction took place during the third quarter of 2024, with Stonegate investing approximately $205,000 to purchase 1,597 shares of this popular exchange-traded fund (ETF).

In addition to Stonegate's recent investment, several other institutional investors and hedge funds have shown interest in Vanguard Mega Cap Value ETF. For instance, B. Riley Wealth Advisors Inc. increased its stake by 7.8% in the fourth quarter, bringing its total ownership to 5,996 shares valued at about $656,000 after acquiring an additional 433 shares. Other institutions, such as &PARTNERS and Lane & Associates LLC, have also made new investments in MGV, contributing amounts of approximately $428,000 and $206,000 respectively. Furthermore, Global Trust Asset Management LLC made an addition of about $475,000 in the first quarter, and Capital Planning LLC increased its position by 3.1%, now owning 86,739 shares valued at $10,366,000 after purchasing an additional 2,597 shares.

Current Stock Performance of Vanguard Mega Cap Value ETF

As of the latest reports, Vanguard Mega Cap Value ETF's stock is trading at $130.72, showing no significant change in value. The ETF has experienced a 52-week low of $96.77 and a high of $131.09, showcasing its volatility over the past year. The fund's recent 50-day moving average stands at $126.62, while its 200-day moving average is noted at $121.41. With a market capitalization of approximately $8.10 billion, Vanguard Mega Cap Value ETF has a price-to-earnings ratio of 18.88 and a beta of 0.66, indicating its lower volatility compared to the market.

Understanding Vanguard Mega Cap Value ETF

The Vanguard Mega Cap Value ETF, formerly known as the Vanguard Mega Cap 300 Value Index ETF, aims to replicate the performance of a specific benchmark index that includes large-cap value stocks in the United States. This ETF employs a passive management strategy designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which covers the value companies within the MSCI US Large-Cap 300 Index.

Conclusion

The recent acquisition by Stonegate Investment Group LLC emphasizes the growing interest of institutional investors in the Vanguard Mega Cap Value ETF. With its appealing performance metrics and strategic investment approach, MGV remains a noteworthy option for investors focusing on large-cap value stocks in the current market landscape.

investment, ETFs, finance