Vanguard Mega Cap ETF $MGC Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 71.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,525 shares of the company’s stock after selling 18,445 shares during the period. IFP Advisors Inc’s holdings in Vanguard Mega Cap ETF were worth $2,059,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Orion Porfolio Solutions LLC boosted its stake in shares of Vanguard Mega Cap ETF by 577.3% in the second 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. grew its holdings in shares of Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after buying an additional 96,754 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vanguard Mega Cap ETF by 547.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock valued at $25,374,000 after buying an additional 85,413 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Vanguard Mega Cap ETF in the third quarter worth about $16,972,000. Finally, Beacon Pointe Advisors LLC boosted its position in Vanguard Mega Cap ETF by 787.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 69,474 shares of the company’s stock worth $17,450,000 after acquiring an additional 61,645 shares during the last quarter.

Vanguard Mega Cap ETF Trading Up 0.8%

Shares of NYSEARCA MGC opened at $281.25 on Friday. The stock has a market cap of $10.29 billion, a PE ratio of 26.06 and a beta of 1.02. Vanguard Mega Cap ETF has a 12-month low of $228.37 and a 12-month high of $285.55. The company has a 50-day moving average of $278.09 and a 200 day moving average of $265.89.

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.