Security Financial Services INC. Raises Stock Position in Vanguard Mega Cap ETF $MGC

Security Financial Services INC. increased its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 27.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,188 shares of the company’s stock after acquiring an additional 9,234 shares during the period. Vanguard Mega Cap ETF makes up approximately 1.7% of Security Financial Services INC.’s holdings, making the stock its 18th largest holding. Security Financial Services INC.’s holdings in Vanguard Mega Cap ETF were worth $9,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MGC. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Mega Cap ETF by 65.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock valued at $194,304,000 after acquiring an additional 341,492 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of Vanguard Mega Cap ETF by 15.4% during the second quarter. New York Life Investment Management LLC now owns 576,611 shares of the company’s stock valued at $129,691,000 after acquiring an additional 76,736 shares during the period. Leavell Investment Management Inc. grew its stake in Vanguard Mega Cap ETF by 2.7% during the 2nd quarter. Leavell Investment Management Inc. now owns 494,163 shares of the company’s stock valued at $111,419,000 after acquiring an additional 13,201 shares in the last quarter. Wooster Corthell Wealth Management Inc. raised its holdings in shares of Vanguard Mega Cap ETF by 1.4% during the second quarter. Wooster Corthell Wealth Management Inc. now owns 481,051 shares of the company’s stock worth $108,198,000 after acquiring an additional 6,801 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Vanguard Mega Cap ETF by 2,183.2% in the 1st quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock valued at $95,908,000 after purchasing an additional 455,396 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA:MGC opened at $247.43 on Friday. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $254.46. The stock’s 50-day moving average is $245.51 and its 200-day moving average is $230.56. The company has a market cap of $8.67 billion, a P/E ratio of 26.06 and a beta of 1.01.

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.