Vanguard Mega Cap ETF $MGC is Summit Wealth & Retirement Planning Inc.’s Largest Position

Summit Wealth & Retirement Planning Inc. grew its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,932 shares of the company’s stock after buying an additional 333 shares during the period. Vanguard Mega Cap ETF accounts for 13.0% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its biggest holding. Summit Wealth & Retirement Planning Inc.’s holdings in Vanguard Mega Cap ETF were worth $48,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new stake in shares of Vanguard Mega Cap ETF in the second quarter worth about $27,000. St. Johns Investment Management Company LLC bought a new position in Vanguard Mega Cap ETF during the second quarter valued at approximately $34,000. NorthRock Partners LLC purchased a new position in Vanguard Mega Cap ETF during the 1st quarter valued at approximately $56,000. Bank of Montreal Can increased its stake in Vanguard Mega Cap ETF by 110.8% in the 2nd quarter. Bank of Montreal Can now owns 333 shares of the company’s stock worth $75,000 after acquiring an additional 175 shares during the last quarter. Finally, Dagco Inc. bought a new stake in Vanguard Mega Cap ETF in the 1st quarter worth approximately $79,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC opened at $246.82 on Friday. The company has a market capitalization of $8.65 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a one year low of $173.32 and a one year high of $254.46. The stock has a 50 day moving average price of $244.04 and a 200-day moving average price of $228.67.

Vanguard Mega Cap ETF 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.