Wells Fargo & Company MN lifted its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC – Free Report) by 7.7% during the fourth quarter, Holdings Channel reports. The firm owned 407,329 shares of the company’s stock after purchasing an additional 28,952 shares during the quarter. Wells Fargo & Company MN’s holdings in Vanguard Mega Cap ETF were worth $68,953,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Key Financial Inc acquired a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $29,000. Principal Securities Inc. acquired a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $55,000. Baystate Wealth Management LLC acquired a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $79,000. Global Retirement Partners LLC raised its position in Vanguard Mega Cap ETF by 17.1% during the fourth quarter. Global Retirement Partners LLC now owns 637 shares of the company’s stock valued at $108,000 after buying an additional 93 shares during the period. Finally, M&T Bank Corp acquired a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $208,000.
Vanguard Mega Cap ETF Trading Up 0.6 %
MGC stock traded up $1.21 during mid-day trading on Friday, hitting $190.20. The stock had a trading volume of 112,468 shares, compared to its average volume of 83,052. Vanguard Mega Cap ETF has a 1-year low of $145.73 and a 1-year high of $191.55. The company has a fifty day moving average of $184.80 and a 200 day moving average of $176.10. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.
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.
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