NewEdge Advisors LLC Increases Position in Vanguard Mega Cap ETF $MGC

NewEdge Advisors LLC boosted its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 172.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,685 shares of the company’s stock after acquiring an additional 19,419 shares during the period. NewEdge Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $8,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Pinnacle Financial Partners Inc. increased its holdings 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 purchasing an additional 42 shares during the last quarter. ZEGA Investments LLC raised its holdings in shares of Vanguard Mega Cap ETF by 4.7% during the 2nd quarter. ZEGA Investments LLC now owns 1,031 shares of the company’s stock worth $282,000 after acquiring an additional 46 shares during the period. Keystone Financial Group raised its holdings in shares of Vanguard Mega Cap ETF by 2.8% during the 3rd quarter. Keystone Financial Group now owns 1,666 shares of the company’s stock worth $407,000 after acquiring an additional 46 shares during the period. Whipplewood Advisors LLC boosted its position in shares of Vanguard Mega Cap ETF by 1.4% during the 1st quarter. Whipplewood Advisors LLC now owns 3,327 shares of the company’s stock valued at $786,000 after acquiring an additional 47 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings 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 purchasing an additional 50 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $281.25 on Friday. The company has a market capitalization of $10.29 billion, a PE ratio of 26.06 and a beta of 1.02. The firm’s 50-day moving average is $278.09 and its two-hundred day moving average is $265.89. Vanguard Mega Cap ETF has a 12 month low of $228.37 and a 12 month high of $285.55.

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.