Summit X LLC Acquires 5,298 Shares of Vanguard Mega Cap ETF $MGC

Summit X LLC increased its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 529.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,298 shares of the company’s stock after purchasing an additional 5,298 shares during the period. Summit X LLC’s holdings in Vanguard Mega Cap ETF were worth $1,416,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MGC. Harbor Investment Advisory LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at approximately $27,000. St. Johns Investment Management Company LLC bought a new stake in Vanguard Mega Cap ETF in the second quarter valued at $34,000. NorthRock Partners LLC acquired a new position in Vanguard Mega Cap ETF during the first quarter worth $56,000. Bank of Montreal Can lifted its holdings in shares of Vanguard Mega Cap ETF by 110.8% during the second quarter. Bank of Montreal Can now owns 333 shares of the company’s stock valued at $75,000 after acquiring an additional 175 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter valued at $79,000.

Vanguard Mega Cap ETF Stock Down 0.1%

Shares of MGC stock opened at $246.82 on Friday. The company has a market capitalization of $8.65 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $173.32 and a 12-month high of $254.46. The firm has a 50-day moving average price of $244.04 and a 200 day moving average price of $228.95.

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.