Buttonwood Financial Advisors Inc. Acquires Shares of 7,410 Vanguard Mega Cap ETF (NYSEARCA:MGC)

Buttonwood Financial Advisors Inc. bought a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,410 shares of the company’s stock, valued at approximately $1,159,000.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can bought a new position in Vanguard Mega Cap ETF during the 1st quarter valued at $49,000. Raymond James Trust N.A. acquired a new position in Vanguard Mega Cap ETF in the first quarter worth about $226,000. Synovus Financial Corp increased its holdings in Vanguard Mega Cap ETF by 5.1% in the first quarter. Synovus Financial Corp now owns 3,077 shares of the company’s stock valued at $491,000 after buying an additional 150 shares during the last quarter. Blair William & Co. IL raised its stake in Vanguard Mega Cap ETF by 47.2% during the first quarter. Blair William & Co. IL now owns 2,792 shares of the company’s stock valued at $444,000 after buying an additional 895 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Vanguard Mega Cap ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 5,918 shares of the company’s stock worth $941,000 after buying an additional 871 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC traded down $2.02 during trading on Friday, reaching $158.13. The stock had a trading volume of 64,764 shares, compared to its average volume of 73,671. The firm’s 50 day moving average price is $158.38 and its two-hundred day moving average price is $150.16. Vanguard Mega Cap ETF has a one year low of $121.30 and a one year high of $162.29. The stock has a market cap of $4.17 billion, a PE ratio of 20.60 and a beta of 1.00.

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.