Schmidt P J Investment Management Inc. Lowers Position in Vanguard Mega Cap ETF $MGC

Schmidt P J Investment Management Inc. cut its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,824 shares of the company’s stock after selling 3,294 shares during the period. Vanguard Mega Cap ETF makes up approximately 1.6% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 13th largest holding. Schmidt P J Investment Management Inc. owned about 0.12% of Vanguard Mega Cap ETF worth $9,965,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Elevation Capital Advisory LLC acquired a new position in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at $6,011,000. Beacon Financial Group raised its stake in Vanguard Mega Cap ETF by 102.1% during the third quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock valued at $13,883,000 after buying an additional 28,738 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Vanguard Mega Cap ETF by 8.3% during the third quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock worth $51,381,000 after purchasing an additional 16,074 shares during the last quarter. AlphaCore Capital LLC grew its holdings in shares of Vanguard Mega Cap ETF by 622.9% during the second quarter. AlphaCore Capital LLC now owns 77,739 shares of the company’s stock valued at $17,528,000 after purchasing an additional 66,985 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Vanguard Mega Cap ETF in the second quarter valued at $257,000.

Vanguard Mega Cap ETF Price Performance

Shares of Vanguard Mega Cap ETF stock opened at $255.10 on Tuesday. The business’s fifty day moving average price is $250.33 and its two-hundred day moving average price is $241.69. The company has a market capitalization of $10.01 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $255.60.

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.