IFP Advisors Inc Sells 406 Shares of Vanguard Mega Cap ETF $MGC

IFP Advisors Inc trimmed its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,717 shares of the company’s stock after selling 406 shares during the period. IFP Advisors Inc’s holdings in Vanguard Mega Cap ETF were worth $5,784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MGC. Harbor Investment Advisory LLC bought a new stake in Vanguard Mega Cap ETF in the second quarter worth approximately $27,000. POM Investment Strategies LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the first quarter worth $52,000. NorthRock Partners LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the first quarter worth $56,000. Golden State Wealth Management LLC lifted its stake in shares of Vanguard Mega Cap ETF by 137.0% in the first quarter. Golden State Wealth Management LLC now owns 320 shares of the company’s stock worth $64,000 after buying an additional 185 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Vanguard Mega Cap ETF in the first quarter worth $79,000.

Vanguard Mega Cap ETF Trading Down 0.2%

Shares of Vanguard Mega Cap ETF stock opened at $246.36 on Friday. The firm has a fifty day simple moving average of $238.04 and a 200-day simple moving average of $220.66. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $247.00. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 26.06 and a beta of 1.00.

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.