NewEdge Advisors LLC Increases Stock Position in Vanguard Mega Cap ETF $MGC

NewEdge Advisors LLC raised its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 47.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,266 shares of the company’s stock after acquiring an additional 3,648 shares during the quarter. NewEdge Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $2,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MGC. Jane Street Group LLC grew its stake in shares of Vanguard Mega Cap ETF by 312.6% in the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock worth $1,973,000 after purchasing an additional 7,424 shares during the last quarter. Marshall Wace LLP purchased a new stake in Vanguard Mega Cap ETF in the 2nd quarter worth approximately $905,000. Raymond James Financial Inc. lifted its holdings in Vanguard Mega Cap ETF by 31.8% in the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after buying an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC grew its position in shares of Vanguard Mega Cap ETF by 12.4% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock worth $307,000 after buying an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Vanguard Mega Cap ETF by 1.8% in the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock worth $1,292,000 after buying an additional 100 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

MGC opened at $284.77 on Friday. The stock has a market capitalization of $10.42 billion, a PE ratio of 26.06 and a beta of 1.01. The stock’s 50 day moving average price is $274.00 and its 200-day moving average price is $261.57. Vanguard Mega Cap ETF has a 52-week low of $228.37 and a 52-week high of $285.55.

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.