First Bancorp Inc ME Invests $12.57 Million in Vanguard Mega Cap ETF $MGC

First Bancorp Inc ME acquired a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the second quarter, Holdings Channel reports. The firm acquired 156,039 shares of the company’s stock, valued at approximately $12,572,000. Vanguard Mega Cap ETF makes up approximately 5.0% of First Bancorp Inc ME’s portfolio, making the stock its 4th biggest holding.

Several other large investors also recently added to or reduced their stakes in MGC. Orion Porfolio Solutions LLC increased its stake in Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after acquiring an additional 891,030 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Vanguard Mega Cap ETF by 31.8% during the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after acquiring an additional 96,754 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vanguard Mega Cap ETF by 547.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock valued at $25,374,000 after acquiring an additional 85,413 shares during the last quarter. Win Advisors Inc. purchased a new position in shares of Vanguard Mega Cap ETF during the fourth quarter worth about $21,008,000. Finally, Wellington Management Group LLP purchased a new position in shares of Vanguard Mega Cap ETF during the third quarter worth about $16,972,000.

Vanguard Mega Cap ETF Trading Up 0.3%

MGC stock opened at $280.35 on Wednesday. The company’s 50 day moving average is $275.53 and its 200 day moving average is $263.11. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 1-year low of $228.37 and a 1-year high of $285.55.

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.