Envestnet Portfolio Solutions Inc. Has $1.21 Million Stake in Vanguard Mega Cap ETF $MGC

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 17.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,372 shares of the company’s stock after selling 1,145 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Mega Cap ETF were worth $1,208,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. CWM LLC increased its holdings in shares of Vanguard Mega Cap ETF by 9.4% during the 2nd quarter. CWM LLC now owns 6,997 shares of the company’s stock valued at $1,574,000 after acquiring an additional 599 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Vanguard Mega Cap ETF by 15.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,553 shares of the company’s stock valued at $1,924,000 after acquiring an additional 1,153 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at about $216,000. Apollon Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap ETF by 5.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,614 shares of the company’s stock valued at $363,000 after acquiring an additional 87 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Vanguard Mega Cap ETF by 4.4% during the 2nd quarter. Blair William & Co. IL now owns 2,480 shares of the company’s stock valued at $558,000 after acquiring an additional 105 shares during the last quarter.

Vanguard Mega Cap ETF Stock Up 0.6%

MGC opened at $243.95 on Friday. The firm has a market capitalization of $8.55 billion, a P/E ratio of 26.06 and a beta of 1.00. The stock’s 50 day moving average price is $239.58 and its two-hundred day moving average price is $222.39. Vanguard Mega Cap ETF has a 12-month low of $173.32 and a 12-month 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.