Schmidt P J Investment Management Inc. Sells 1,117 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Schmidt P J Investment Management Inc. cut its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 48,568 shares of the company’s stock after selling 1,117 shares during the period. Vanguard Mega Cap ETF makes up about 1.8% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 14th biggest position. Schmidt P J Investment Management Inc.’s holdings in Vanguard Mega Cap ETF were worth $10,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Decker Retirement Planning Inc. bought a new position in Vanguard Mega Cap ETF during the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in Vanguard Mega Cap ETF in the 3rd quarter worth about $33,000. Future Financial Wealth Managment LLC purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter valued at about $41,000. Tsfg LLC bought a new stake in Vanguard Mega Cap ETF during the 4th quarter valued at about $42,000. Finally, Larson Financial Group LLC raised its holdings in Vanguard Mega Cap ETF by 12.6% in the third quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock worth $98,000 after buying an additional 53 shares during the last quarter.

Vanguard Mega Cap ETF Stock Up 0.3 %

NYSEARCA:MGC opened at $219.14 on Thursday. Vanguard Mega Cap ETF has a 52 week low of $176.49 and a 52 week high of $221.53. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The company’s 50 day moving average price is $216.63 and its 200-day moving average price is $208.45.

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.