Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Hits New 52-Week High at $87.97

Shares of Vanguard Mega Cap Value ETF (NYSEARCA:MGV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $87.97 and last traded at $87.77, with a volume of 3279 shares trading hands. The stock had previously closed at $87.77.

The business’s 50 day moving average is $86.66 and its two-hundred day moving average is $82.52.

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 26th were issued a dividend of $0.5989 per share. This is a positive change from Vanguard Mega Cap Value ETF’s previous quarterly dividend of $0.60. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, December 24th.

A number of institutional investors and hedge funds have recently modified their holdings of MGV. Northern Trust Corp increased its stake in Vanguard Mega Cap Value ETF by 3.3% in the 2nd quarter. Northern Trust Corp now owns 8,644 shares of the company’s stock worth $696,000 after purchasing an additional 280 shares in the last quarter. US Bancorp DE increased its stake in Vanguard Mega Cap Value ETF by 13.4% in the 2nd quarter. US Bancorp DE now owns 50,452 shares of the company’s stock worth $4,061,000 after purchasing an additional 5,974 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Vanguard Mega Cap Value ETF by 603.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,159 shares of the company’s stock worth $576,000 after purchasing an additional 6,141 shares in the last quarter. Private Advisor Group LLC increased its stake in Vanguard Mega Cap Value ETF by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 59,978 shares of the company’s stock worth $4,828,000 after purchasing an additional 2,017 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Vanguard Mega Cap Value ETF by 12.5% in the 2nd quarter. Assetmark Inc. now owns 3,552,742 shares of the company’s stock worth $285,996,000 after purchasing an additional 395,926 shares in the last quarter.

About Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

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.

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