Fortress Financial Solutions LLC Makes New Investment in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Fortress Financial Solutions LLC purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,043 shares of the company’s stock, valued at approximately $1,923,000. Vanguard Mega Cap ETF accounts for 2.7% of Fortress Financial Solutions LLC’s holdings, making the stock its 11th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Vanguard Mega Cap ETF in the fourth quarter valued at $29,000. Decker Retirement Planning Inc. purchased a new position in shares of Vanguard Mega Cap ETF in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Vanguard Mega Cap ETF in the 3rd quarter worth about $33,000. Tsfg LLC acquired a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at about $42,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $45,000.

Vanguard Mega Cap ETF Stock Performance

MGC opened at $219.69 on Wednesday. Vanguard Mega Cap ETF has a 1 year low of $176.49 and a 1 year high of $221.53. The firm has a 50 day moving average price of $216.85 and a 200 day moving average price of $209.15. The company has a market cap of $6.33 billion, a PE ratio of 26.93 and a beta of 1.02.

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.