Wed Sep 25 07:10:56 UTC 2024: ## Bank of New York Mellon Boosts Stake in Vanguard Mega Cap Value ETF

**New York, NY – September 25, 2024** – Bank of New York Mellon Corp significantly increased its holdings in the Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the second quarter, according to a recent SEC filing. The institutional investor now owns 3,970 shares, representing an 89.8% increase from the previous quarter. This investment is valued at $470,000.

Bank of New York Mellon was not alone in its bullish stance on MGV. Several other hedge funds also adjusted their positions in the ETF during the second quarter. Naples Money Management LLC raised its position by 1.4%, M3 Advisory Group LLC increased its stake by 5.7%, Global Trust Asset Management LLC boosted its holdings by 4.0%, and Bowman & Co S.C. saw a 1.4% increase in its ownership.

Vanguard Mega Cap Value ETF, formerly known as Vanguard Mega Cap 300 Value Index ETF, seeks to mirror the performance of a benchmark index that tracks the largest-capitalization value stocks in the United States. The ETF employs a passive management strategy, aiming to match the returns of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index.

The ETF opened at $128.32 on Wednesday, with a market cap of $7.95 billion, a price-to-earnings ratio of 18.88, and a beta of 0.66.

For further details on hedge fund holdings in MGV, visit HoldingsChannel.com, which provides the latest 13F filings and insider trades.

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