Verus Financial Partners Inc. Lowers Stake in Vanguard Mega Cap ETF $MGC

Verus Financial Partners Inc. decreased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,041 shares of the company’s stock after selling 1,666 shares during the quarter. Vanguard Mega Cap ETF makes up 4.8% of Verus Financial Partners Inc.’s portfolio, making the stock its 6th biggest holding. Verus Financial Partners Inc. owned 0.64% of Vanguard Mega Cap ETF worth $47,180,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Vanguard Mega Cap ETF by 19.0% in the first quarter. Envestnet Asset Management Inc. now owns 522,390 shares of the company’s stock worth $105,199,000 after buying an additional 83,569 shares in the last quarter. Wooster Corthell Wealth Management Inc. increased its position in Vanguard Mega Cap ETF by 1.4% in the second quarter. Wooster Corthell Wealth Management Inc. now owns 481,051 shares of the company’s stock worth $108,198,000 after buying an additional 6,801 shares in the last quarter. Leavell Investment Management Inc. increased its position in Vanguard Mega Cap ETF by 2.3% in the first quarter. Leavell Investment Management Inc. now owns 480,962 shares of the company’s stock worth $96,856,000 after buying an additional 10,926 shares in the last quarter. Jones Financial Companies Lllp increased its position in Vanguard Mega Cap ETF by 2,183.2% in the first quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock worth $95,908,000 after buying an additional 455,396 shares in the last quarter. Finally, LPL Financial LLC increased its position in Vanguard Mega Cap ETF by 2.5% in the first quarter. LPL Financial LLC now owns 440,223 shares of the company’s stock worth $88,652,000 after buying an additional 10,778 shares in the last quarter.

Vanguard Mega Cap ETF Trading Up 0.1%

NYSEARCA:MGC opened at $245.24 on Friday. Vanguard Mega Cap ETF has a 12-month low of $173.32 and a 12-month high of $245.93. The stock has a 50-day moving average price of $236.56 and a 200 day moving average price of $219.23. The stock has a market capitalization of $8.25 billion, a P/E 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.