Envestnet Asset Management Inc. Buys 341,492 Shares of Vanguard Mega Cap ETF $MGC

Envestnet Asset Management Inc. increased its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 65.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 863,882 shares of the company’s stock after acquiring an additional 341,492 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Vanguard Mega Cap ETF were worth $194,304,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of Vanguard Mega Cap ETF by 137.0% during the 1st quarter. Golden State Wealth Management LLC now owns 320 shares of the company’s stock worth $64,000 after acquiring an additional 185 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of Vanguard Mega Cap ETF by 5.0% in the 1st quarter. Essex Financial Services Inc. now owns 1,795 shares of the company’s stock valued at $362,000 after purchasing an additional 85 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in shares of Vanguard Mega Cap ETF by 131.4% in the 1st quarter. Ameritas Advisory Services LLC now owns 5,628 shares of the company’s stock valued at $1,145,000 after purchasing an additional 3,196 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Vanguard Mega Cap ETF during the 1st quarter worth $951,000. Finally, Clear Creek Financial Management LLC lifted its position in shares of Vanguard Mega Cap ETF by 6.7% during the 1st quarter. Clear Creek Financial Management LLC now owns 11,276 shares of the company’s stock worth $2,271,000 after buying an additional 713 shares during the last quarter.

Vanguard Mega Cap ETF Stock Up 1.3%

NYSEARCA:MGC opened at $252.02 on Tuesday. Vanguard Mega Cap ETF has a twelve month low of $173.32 and a twelve month high of $252.13. The stock’s 50-day simple moving average is $241.13 and its 200 day simple moving average is $225.18. The firm has a market capitalization of $8.83 billion, a PE ratio of 26.06 and a beta of 1.01.

Vanguard Mega Cap ETF Company 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.