Vanguard Mega Cap ETF $MGC is Investment Planning Advisors Inc.’s 2nd Largest Position

Investment Planning Advisors Inc. lifted its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 11.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,958 shares of the company’s stock after buying an additional 15,704 shares during the period. Vanguard Mega Cap ETF makes up 9.9% of Investment Planning Advisors Inc.’s holdings, making the stock its 2nd biggest position. Investment Planning Advisors Inc. owned 0.42% of Vanguard Mega Cap ETF worth $35,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Porfolio Solutions LLC grew its stake in Vanguard Mega Cap ETF by 577.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after acquiring an additional 891,030 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard Mega Cap ETF by 3.1% during the 4th quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after purchasing an additional 17,646 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Vanguard Mega Cap ETF by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock worth $148,385,000 after purchasing an additional 21,811 shares during the last quarter. UBS Group AG grew its position in shares of Vanguard Mega Cap ETF by 3.4% in the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after purchasing an additional 16,121 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Vanguard Mega Cap ETF by 1.2% in the fourth quarter. LPL Financial LLC now owns 486,850 shares of the company’s stock valued at $122,282,000 after purchasing an additional 5,822 shares in the last quarter.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA:MGC opened at $271.04 on Tuesday. Vanguard Mega Cap ETF has a one year low of $223.50 and a one year high of $280.10. The stock has a market cap of $9.71 billion, a PE ratio of 26.06 and a beta of 1.01. The stock has a 50 day moving average price of $270.15 and a 200 day moving average price of $256.14.

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.