Life Planning Partners Inc Makes New Investment in Vanguard Mega Cap Value ETF (NYSEARCA:MGV)

Life Planning Partners Inc purchased a new position in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,854 shares of the company’s stock, valued at approximately $3,604,000.

A number of other hedge funds also recently modified their holdings of MGV. Financial Life Planners acquired a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at approximately $34,000. Allianz SE acquired a new position in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at approximately $38,000. Tanglewood Legacy Advisors LLC bought a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $54,000. Mascoma Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $74,000. Finally, Sachetta LLC bought a new stake in Vanguard Mega Cap Value ETF in the 4th quarter valued at $95,000.

Vanguard Mega Cap Value ETF Trading Down 1.2 %

MGV stock opened at $127.29 on Friday. The stock has a 50-day moving average price of $130.11 and a two-hundred day moving average price of $128.96. Vanguard Mega Cap Value ETF has a 1 year low of $113.36 and a 1 year high of $133.82. The stock has a market cap of $8.77 billion, a PE ratio of 20.13 and a beta of 0.85.

Vanguard Mega Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.6838 per share. The ex-dividend date of this dividend is Thursday, March 27th.

Vanguard Mega Cap Value ETF Company Profile

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.