Sovran Advisors LLC Trims Position in Vanguard Mega Cap ETF $MGC

Sovran Advisors LLC decreased its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,433 shares of the company’s stock after selling 2,189 shares during the quarter. Sovran Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $3,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Vanguard Mega Cap ETF by 14.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 83,092 shares of the company’s stock valued at $20,282,000 after acquiring an additional 10,383 shares during the last quarter. BCGM Wealth Management LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 97.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 38,081 shares of the company’s stock worth $9,295,000 after acquiring an additional 18,783 shares during the period. BAM Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the third quarter worth approximately $806,000. Beacon Financial Group boosted its position in shares of Vanguard Mega Cap ETF by 102.1% in the third quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock worth $13,883,000 after acquiring an additional 28,738 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Vanguard Mega Cap ETF by 8.3% in the third quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock valued at $51,381,000 after purchasing an additional 16,074 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC stock opened at $238.41 on Friday. Vanguard Mega Cap ETF has a one year low of $173.32 and a one year high of $255.75. The company has a 50 day moving average price of $246.22 and a 200 day moving average price of $247.92. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

About Vanguard Mega Cap ETF

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.