2,147 Shares in Vanguard Mega Cap ETF $MGC Purchased by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC bought a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,147 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Capital Advisory LLC purchased a new stake in Vanguard Mega Cap ETF in the 2nd quarter worth about $6,011,000. Beacon Financial Group boosted its position in shares of Vanguard Mega Cap ETF by 102.1% in the third quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock valued at $13,883,000 after acquiring an additional 28,738 shares during the period. BAM Wealth Management LLC bought a new position in Vanguard Mega Cap ETF in the 3rd quarter valued at $806,000. Commonwealth Equity Services LLC boosted its stake in Vanguard Mega Cap ETF by 8.3% during the third quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock valued at $51,381,000 after buying an additional 16,074 shares during the period. Finally, AlphaCore Capital LLC boosted its position in shares of Vanguard Mega Cap ETF by 622.9% during the 2nd quarter. AlphaCore Capital LLC now owns 77,739 shares of the company’s stock valued at $17,528,000 after acquiring an additional 66,985 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

MGC stock opened at $254.96 on Wednesday. Vanguard Mega Cap ETF has a one year low of $173.32 and a one year high of $255.60. The stock has a market cap of $10.00 billion, a PE ratio of 26.06 and a beta of 1.01. The firm has a 50 day simple moving average of $251.27 and a two-hundred day simple moving average of $243.75.

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.