Wedbush Securities Inc. Makes New $220,000 Investment in Vanguard Mega Cap ETF $MGC

Wedbush Securities Inc. bought a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 2nd quarter, HoldingsChannel reports. The fund bought 977 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MGC. Harbor Investment Advisory LLC acquired a new position in Vanguard Mega Cap ETF in the 2nd quarter worth about $27,000. St. Johns Investment Management Company LLC acquired a new position in Vanguard Mega Cap ETF in the second quarter worth approximately $34,000. NorthRock Partners LLC acquired a new stake in Vanguard Mega Cap ETF in the first quarter valued at approximately $56,000. Bank of Montreal Can increased its stake in shares of Vanguard Mega Cap ETF by 110.8% during the 2nd quarter. Bank of Montreal Can now owns 333 shares of the company’s stock worth $75,000 after purchasing an additional 175 shares during the last quarter. Finally, Dagco Inc. bought a new position in Vanguard Mega Cap ETF during the first quarter valued at about $79,000.

Vanguard Mega Cap ETF Stock Down 1.7%

Shares of MGC stock opened at $247.51 on Friday. Vanguard Mega Cap ETF has a 12 month low of $173.32 and a 12 month high of $254.46. The business’s 50 day moving average is $245.28 and its two-hundred day moving average is $230.22. The company has a market cap of $8.67 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.