ProVise Management Group LLC Sells 1,710 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

ProVise Management Group LLC lessened its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.7% in the fourth quarter, HoldingsChannel reports. The fund owned 98,736 shares of the company’s stock after selling 1,710 shares during the period. Vanguard Mega Cap ETF accounts for approximately 1.4% of ProVise Management Group LLC’s investment portfolio, making the stock its 17th largest holding. ProVise Management Group LLC’s holdings in Vanguard Mega Cap ETF were worth $16,714,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Key Financial Inc acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $29,000. Principal Securities Inc. purchased a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at about $55,000. Baystate Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $79,000. Global Retirement Partners LLC boosted its holdings in Vanguard Mega Cap ETF by 17.1% in the 4th quarter. Global Retirement Partners LLC now owns 637 shares of the company’s stock worth $108,000 after buying an additional 93 shares during the period. Finally, MGO One Seven LLC purchased a new position in Vanguard Mega Cap ETF in the third quarter worth $202,000.

Vanguard Mega Cap ETF Stock Up 0.6 %

Shares of NYSEARCA:MGC traded up $1.21 during midday trading on Friday, hitting $190.20. 112,467 shares of the stock traded hands, compared to its average volume of 83,052. Vanguard Mega Cap ETF has a one year low of $145.73 and a one year high of $191.55. The stock has a market capitalization of $5.48 billion, a PE ratio of 26.93 and a beta of 1.02. The business’s 50 day moving average is $184.66 and its two-hundred day moving average is $175.86.

Vanguard Mega Cap ETF Company 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.