Vanguard Mega Cap ETF (NYSEARCA:MGC) Position Raised by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. increased its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,043 shares of the company’s stock after purchasing an additional 84 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard Mega Cap ETF were worth $346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in shares of Vanguard Mega Cap ETF in the first quarter valued at $49,000. Raymond James Trust N.A. bought a new position in shares of Vanguard Mega Cap ETF in the first quarter valued at $226,000. Synovus Financial Corp increased its holdings in shares of 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 in the last quarter. Blair William & Co. IL increased its holdings in shares of Vanguard Mega Cap ETF by 47.2% in 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 increased its holdings in shares of Vanguard Mega Cap ETF by 17.3% in the first quarter. Cetera Investment Advisers now owns 5,918 shares of the company’s stock valued at $941,000 after buying an additional 871 shares in the last quarter.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC opened at $177.06 on Friday. The stock has a market capitalization of $5.10 billion, a P/E ratio of 27.80 and a beta of 1.01. Vanguard Mega Cap ETF has a 1 year low of $141.58 and a 1 year high of $187.68. The business’s fifty day moving average is $183.09 and its two-hundred day moving average is $170.35.

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.