Independent Financial Group LLC Takes $742,000 Position in Vanguard Mega Cap ETF $MGC

Independent Financial Group LLC bought a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,138 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MGC. International Assets Investment Management LLC purchased a new position in shares of Vanguard Mega Cap ETF in the 1st quarter valued at about $27,000. Winch Advisory Services LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the first quarter worth approximately $34,000. Blue Trust Inc. acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $48,000. Garton & Associates Financial Advisors LLC acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $48,000. Finally, SHP Wealth Management purchased a new position in Vanguard Mega Cap ETF in the fourth quarter worth approximately $68,000.

Vanguard Mega Cap ETF Stock Up 0.9%

Shares of Vanguard Mega Cap ETF stock opened at $274.15 on Wednesday. Vanguard Mega Cap ETF has a 52-week low of $225.44 and a 52-week high of $280.10. The company has a market capitalization of $10.03 billion, a P/E ratio of 26.06 and a beta of 1.01. The company has a 50 day moving average of $273.56 and a 200 day moving average of $258.69.

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.