Union Savings Bank Invests $584,000 in Vanguard Mega Cap ETF $MGC

Union Savings Bank purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,327 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SHP Wealth Management acquired a new position in Vanguard Mega Cap ETF in the fourth quarter worth $68,000. Macco Financial Group Inc. acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth $5,568,000. Virtu Financial LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth $1,257,000. Corient Private Wealth LLC lifted its position in shares of Vanguard Mega Cap ETF by 6.0% in the 4th quarter. Corient Private Wealth LLC now owns 3,131 shares of the company’s stock worth $787,000 after buying an additional 178 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of Vanguard Mega Cap ETF by 19.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,662 shares of the company’s stock worth $920,000 after buying an additional 598 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC opened at $274.85 on Friday. Vanguard Mega Cap ETF has a one year low of $215.45 and a one year high of $280.10. The company has a 50-day simple moving average of $268.03 and a 200-day simple moving average of $255.37. The firm has a market capitalization of $9.84 billion, a PE 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.