Stonegate Investment Group LLC Acquires Stake in Vanguard Mega Cap Value ETF

Stonegate Investment Group LLC has recently made a new investment in the Vanguard Mega Cap Value ETF (NYSEARCA: MGV), according to reports from Holdings Channel.com. During the third quarter, the firm acquired 1,597 shares, amounting to an investment of approximately $205,000.

In addition to Stonegate, several other institutional investors and hedge funds have adjusted their positions in MGV. B. Riley Wealth Advisors Inc. increased its stake by 7.8% in the fourth quarter, now holding 5,996 shares valued at $656,000 after purchasing 433 additional shares in the last quarter. Other notable investments include &PARTNERS, which bought a new position worth around $428,000 during the first quarter, and Lane & Associates LLC, which also purchased a new stake valued at about $206,000.

Global Trust Asset Management LLC and Capital Planning LLC have similarly expanded their holdings, with the latter upping its position by 3.1% in the first quarter. Following additional purchases, Capital Planning LLC now owns 86,739 shares valued at $10,366,000.

Current Performance of Vanguard Mega Cap Value ETF

As of the latest trading sessions, the Vanguard Mega Cap Value ETF opened at $130.72. Over the past year, the ETF has experienced a low of $96.77 and a high of $131.09. The 50-day moving average stands at $126.62, while the 200-day moving average is at $121.41. The ETF has a market capitalization of approximately $8.10 billion, a price-to-earnings ratio of 18.88, and a beta of 0.66.

Overview of Vanguard Mega Cap Value ETF

The Vanguard Mega Cap Value ETF aims to replicate the performance of a benchmark index focusing on the largest-value stocks in the United States. This ETF employs a passive management approach designed to follow the MSCI US Large-Cap Value Index, which represents value companies from the broader MSCI US Large-Cap 300 Index.

Investment, ETF, Market