Iams Wealth Management LLC Invests $363,000 in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Iams Wealth Management LLC purchased a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the first quarter, Holdings Channel reports. The fund purchased 2,001 shares of the company’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 18.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock worth $85,208,000 after buying an additional 79,645 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 14.3% in the 4th quarter. New York Life Investment Management LLC now owns 473,152 shares of the company’s stock worth $80,095,000 after buying an additional 59,183 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 2.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 437,600 shares of the company’s stock worth $74,077,000 after buying an additional 10,276 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 9.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 419,314 shares of the company’s stock worth $63,729,000 after buying an additional 36,284 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Vanguard Mega Cap ETF by 7.7% in the 4th quarter. Wells Fargo & Company MN now owns 407,329 shares of the company’s stock worth $68,953,000 after buying an additional 28,952 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC traded up $0.26 during trading on Tuesday, hitting $198.50. 19,408 shares of the company’s stock traded hands, compared to its average volume of 80,323. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 12-month low of $145.94 and a 12-month high of $199.70. The business has a 50 day moving average of $190.17 and a 200-day moving average of $182.26.

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.