Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Strong Trading Volume

Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) saw unusually-strong trading volume on Monday . Approximately 171,510 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 81,884 shares.The stock last traded at $201.15 and had previously closed at $200.12.

Vanguard Mega Cap ETF Trading Up 0.9 %

The company has a market cap of $5.82 billion, a P/E ratio of 26.93 and a beta of 1.02. The business’s 50 day simple moving average is $197.32 and its 200 day simple moving average is $188.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Assets Advisory LLC purchased a new position in shares of Vanguard Mega Cap ETF during the first quarter valued at about $52,361,000. Liberty Wealth Management LLC purchased a new position in Vanguard Mega Cap ETF during the 2nd quarter valued at approximately $30,741,000. Mesirow Financial Investment Management Inc. bought a new stake in Vanguard Mega Cap ETF in the 1st quarter worth approximately $18,320,000. Truist Financial Corp raised its holdings in shares of Vanguard Mega Cap ETF by 33.0% during the 4th quarter. Truist Financial Corp now owns 328,112 shares of the company’s stock worth $55,543,000 after acquiring an additional 81,489 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of 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 valued at $85,208,000 after acquiring an additional 79,645 shares during the last quarter.

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.