Raymond James Financial Inc. Makes New $65.37 Million Investment in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Raymond James Financial Inc. purchased a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 307,373 shares of the company’s stock, valued at approximately $65,366,000. Raymond James Financial Inc. owned about 1.07% of Vanguard Mega Cap ETF as of its most recent SEC filing.

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

Vanguard Mega Cap ETF Trading Down 2.9 %

Vanguard Mega Cap ETF stock opened at $202.14 on Tuesday. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. The stock has a fifty day simple moving average of $216.24 and a two-hundred day simple moving average of $211.84. Vanguard Mega Cap ETF has a 12 month low of $176.66 and a 12 month high of $222.75.

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.