US Bancorp DE Lowers Stock Position in Vanguard Mega Cap ETF $MGC

US Bancorp DE lowered its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,442 shares of the company’s stock after selling 958 shares during the period. US Bancorp DE’s holdings in Vanguard Mega Cap ETF were worth $2,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. lifted its position in Vanguard Mega Cap ETF by 2.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 105,178 shares of the company’s stock valued at $21,181,000 after buying an additional 2,159 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Vanguard Mega Cap ETF by 105.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 79,888 shares of the company’s stock valued at $16,088,000 after buying an additional 41,050 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in Vanguard Mega Cap ETF during the first quarter valued at $323,000. Wooster Corthell Wealth Management Inc. raised its position in shares of Vanguard Mega Cap ETF by 0.5% in the 1st quarter. Wooster Corthell Wealth Management Inc. now owns 474,250 shares of the company’s stock worth $95,505,000 after purchasing an additional 2,214 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Vanguard Mega Cap ETF by 2.5% in the 1st quarter. LPL Financial LLC now owns 440,223 shares of the company’s stock worth $88,652,000 after purchasing an additional 10,778 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

MGC opened at $243.95 on Thursday. The stock has a 50-day moving average price of $239.13 and a 200-day moving average price of $221.69. The firm has a market cap of $8.55 billion, a PE ratio of 26.06 and a beta of 1.00. Vanguard Mega Cap ETF has a 1 year low of $173.32 and a 1 year high of $247.39.

Vanguard Mega Cap ETF Profile

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.