Parkway Wealth Management Group LLC Sells 3,499 Shares of Vanguard Mega Cap ETF $MGC

Parkway Wealth Management Group LLC trimmed its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 12.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,555 shares of the company’s stock after selling 3,499 shares during the quarter. Vanguard Mega Cap ETF accounts for 0.8% of Parkway Wealth Management Group LLC’s portfolio, making the stock its 28th biggest holding. Parkway Wealth Management Group LLC owned about 0.07% of Vanguard Mega Cap ETF worth $6,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of MGC. Orion Porfolio Solutions LLC grew its position in Vanguard Mega Cap ETF by 577.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after purchasing an additional 891,030 shares during the last quarter. Morgan Stanley lifted its stake in shares of Vanguard Mega Cap ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after buying an additional 17,646 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Vanguard Mega Cap ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock valued at $148,385,000 after buying an additional 21,811 shares during the last quarter. UBS Group AG increased its position in shares of Vanguard Mega Cap ETF by 3.4% during the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after acquiring an additional 16,121 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Vanguard Mega Cap ETF by 1.2% during the fourth quarter. LPL Financial LLC now owns 486,850 shares of the company’s stock valued at $122,282,000 after acquiring an additional 5,822 shares in the last quarter.

Vanguard Mega Cap ETF Trading Down 0.1%

MGC stock opened at $268.09 on Friday. The stock has a market capitalization of $9.60 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $221.82 and a 12-month high of $280.10. The stock’s 50 day simple moving average is $269.64 and its 200 day simple moving average is $255.90.

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.