Independent Financial Group LLC Acquires Shares of 3,138 Vanguard Mega Cap ETF $MGC

Independent Financial Group LLC acquired a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,138 shares of the company’s stock, valued at approximately $742,000.

A number of other hedge funds have also modified their holdings of the business. Orion Porfolio Solutions LLC increased its holdings in shares of Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after acquiring an additional 891,030 shares during the period. Raymond James Financial Inc. increased its stake in Vanguard Mega Cap ETF by 31.8% in the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after purchasing an additional 96,754 shares during the period. Goldman Sachs Group Inc. increased its stake in 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 purchasing an additional 85,413 shares during the period. Win Advisors Inc. purchased a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at about $21,008,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Vanguard Mega Cap ETF in the third quarter valued at about $16,972,000.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC opened at $274.15 on Wednesday. Vanguard Mega Cap ETF has a fifty-two week low of $225.44 and a fifty-two week high of $280.10. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The firm has a 50-day simple moving average of $273.56 and a 200-day simple moving average of $258.69.

About Vanguard Mega Cap ETF

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.