RiverFront Investment Group LLC Increases Stock Holdings in Vanguard Mega Cap ETF $MGC

RiverFront Investment Group LLC lifted its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 485,141 shares of the company’s stock after buying an additional 3,019 shares during the period. Vanguard Mega Cap ETF makes up about 2.0% of RiverFront Investment Group LLC’s portfolio, making the stock its 21st biggest holding. RiverFront Investment Group LLC’s holdings in Vanguard Mega Cap ETF were worth $121,853,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of Vanguard Mega Cap ETF by 312.6% during the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after acquiring an additional 7,424 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Vanguard Mega Cap ETF during the second quarter valued at about $905,000. Raymond James Financial Inc. increased its position in shares of Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after acquiring an additional 96,754 shares during the last quarter. Garden State Investment Advisory Services LLC increased its position in shares of Vanguard Mega Cap ETF by 12.4% during the second quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after acquiring an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Vanguard Mega Cap ETF by 1.8% during the second quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after acquiring an additional 100 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of MGC opened at $272.16 on Monday. Vanguard Mega Cap ETF has a 1-year low of $208.51 and a 1-year high of $275.97. The stock has a market cap of $9.75 billion, a PE ratio of 26.06 and a beta of 1.01. The firm has a 50-day simple moving average of $251.22 and a two-hundred day simple moving average of $250.92.

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.