Modera Wealth Management LLC Has $15.68 Million Position in Vanguard Mega Cap ETF $MGC

Modera Wealth Management LLC cut its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 3.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 69,702 shares of the company’s stock after selling 2,784 shares during the quarter. Modera Wealth Management LLC’s holdings in Vanguard Mega Cap ETF were worth $15,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MGC. Jones Financial Companies Lllp raised its position in Vanguard Mega Cap ETF by 2,183.2% in the 1st quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock worth $95,908,000 after purchasing an additional 455,396 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 65.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock worth $194,304,000 after purchasing an additional 341,492 shares during the last quarter. Cetera Investment Advisers grew its holdings in Vanguard Mega Cap ETF by 190.4% during the first quarter. Cetera Investment Advisers now owns 272,932 shares of the company’s stock valued at $54,963,000 after purchasing an additional 178,944 shares during the period. Praetorian Wealth Management Inc. acquired a new position in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at $19,839,000. Finally, New York Life Investment Management LLC raised its stake in Vanguard Mega Cap ETF by 15.4% during the 2nd quarter. New York Life Investment Management LLC now owns 576,611 shares of the company’s stock worth $129,691,000 after buying an additional 76,736 shares during the period.

Vanguard Mega Cap ETF Trading Down 1.1%

NYSEARCA:MGC opened at $247.01 on Friday. Vanguard Mega Cap ETF has a 1 year low of $173.32 and a 1 year high of $254.46. The stock has a 50-day moving average price of $243.81 and a two-hundred day moving average price of $228.25. The stock has a market cap of $8.65 billion, a price-to-earnings 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.