Steph & Co. increased its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC – Free Report) by 15.0% in the first quarter, HoldingsChannel reports. The firm owned 44,202 shares of the company’s stock after purchasing an additional 5,763 shares during the period. Vanguard Mega Cap ETF makes up approximately 3.0% of Steph & Co.’s investment portfolio, making the stock its 8th biggest holding. Steph & Co.’s holdings in Vanguard Mega Cap ETF were worth $10,447,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MGC. National Wealth Management Group LLC boosted its position in Vanguard Mega Cap ETF by 2.6% in the fourth quarter. National Wealth Management Group LLC now owns 1,568 shares of the company’s stock valued at $394,000 after buying an additional 40 shares in the last quarter. Brooklyn FI LLC increased its holdings in shares of Vanguard Mega Cap ETF by 0.7% during the fourth quarter. Brooklyn FI LLC now owns 6,453 shares of the company’s stock worth $1,621,000 after buying an additional 42 shares in the last quarter. Pinnacle Financial Partners Inc. raised its stake in shares of Vanguard Mega Cap ETF by 1.4% in the third quarter. Pinnacle Financial Partners Inc. now owns 3,089 shares of the company’s stock valued at $754,000 after acquiring an additional 42 shares during the last quarter. Keystone Financial Group raised its stake in shares of Vanguard Mega Cap ETF by 2.8% in the third quarter. Keystone Financial Group now owns 1,666 shares of the company’s stock valued at $407,000 after acquiring an additional 46 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in shares of Vanguard Mega Cap ETF by 3.0% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 1,690 shares of the company’s stock valued at $424,000 after acquiring an additional 50 shares during the last quarter.
Vanguard Mega Cap ETF Price Performance
Shares of MGC opened at $269.03 on Wednesday. The company has a market capitalization of $9.63 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a one year low of $219.76 and a one year high of $280.10. The business’s 50 day simple moving average is $268.97 and its 200-day simple moving average is $255.68.
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.
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