Destination Wealth Management Decreases Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Destination Wealth Management cut its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,016 shares of the company’s stock after selling 2,690 shares during the quarter. Destination Wealth Management owned approximately 0.14% of Vanguard Mega Cap ETF worth $8,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Vanguard Mega Cap ETF in the 4th quarter valued at about $29,000. Decker Retirement Planning Inc. purchased a new position in Vanguard Mega Cap ETF in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new position in Vanguard Mega Cap ETF in the 4th quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new position in Vanguard Mega Cap ETF in the 3rd quarter valued at about $33,000. Finally, Key Financial Inc acquired a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at about $40,000.

Vanguard Mega Cap ETF Trading Down 1.9 %

MGC stock opened at $207.23 on Friday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. Vanguard Mega Cap ETF has a 12 month low of $176.66 and a 12 month high of $222.75. The firm has a 50-day moving average of $216.63 and a two-hundred day moving average of $211.69.

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.