Hubbell Strickland Wealth Management LLC Takes $207,000 Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Hubbell Strickland Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,051 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in Vanguard Mega Cap ETF by 18.8% during 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 period. New York Life Investment Management LLC lifted 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 purchasing an additional 59,183 shares in the last quarter. PNC Financial Services Group Inc. grew its position in 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 valued at $74,077,000 after purchasing an additional 10,276 shares during the period. Cadence Bank increased its stake in Vanguard Mega Cap ETF by 0.7% during the 1st quarter. Cadence Bank now owns 425,246 shares of the company’s stock valued at $79,466,000 after purchasing an additional 3,101 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its holdings in Vanguard Mega Cap ETF by 4.1% during the first quarter. Leavell Investment Management Inc. now owns 415,604 shares of the company’s stock worth $77,664,000 after buying an additional 16,349 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA MGC traded up $0.67 during mid-day trading on Wednesday, reaching $196.17. 151,944 shares of the company’s stock traded hands, compared to its average volume of 81,570. The business has a 50-day simple moving average of $197.02 and a 200 day simple moving average of $188.28. The stock has a market cap of $5.66 billion, a P/E ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 1-year low of $145.94 and a 1-year high of $204.72.

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.