Mutual Advisors LLC Takes Position in Vanguard Mega Cap ETF $MGC

Mutual Advisors LLC purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 901 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MGC. Harbor Investment Advisory LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter valued at about $52,000. NorthRock Partners LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter valued at about $56,000. Golden State Wealth Management LLC increased its stake in shares of Vanguard Mega Cap ETF by 137.0% in the 1st quarter. Golden State Wealth Management LLC now owns 320 shares of the company’s stock valued at $64,000 after acquiring an additional 185 shares during the last quarter. Finally, Dagco Inc. bought a new stake in Vanguard Mega Cap ETF during the 1st quarter worth approximately $79,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC opened at $246.33 on Wednesday. The business has a 50 day simple moving average of $240.10 and a 200 day simple moving average of $223.21. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $247.39. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 26.06 and a beta of 1.00.

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.